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Axel Springer and private equity firm KKR are in discussions to break up the German media conglomerate, according to multiple reports from FT. The proposed split would see CEO Mathias Döpfner and Friede Springer, the widow of the company's founder, take greater control of the group's media properties, including Politico, Business Insider, and Germany's Bild and Die Welt. KKR and CPPIB would gain control of the company's classifieds business. This move could also pave the way for Döpfner to pursue further acquisitions, with sources indicating his interest in buying the Wall Street Journal from Rupert Murdoch’s News Corp.
Springer and KKR considering split of German media giant, sources say https://t.co/DMRnZeGDsX https://t.co/JiSP8OMD9Q
Springer and KKR considering split of German media giant, sources say https://t.co/WqexBLtfOd
🔵 SPRINGER AND KKR CONSIDERING SPLIT OF GERMAN MEDIA GIANT, SOURCES SAY German media giant Axel Springer, which owns Germany's popular Bild tabloid and political news company Politico, is considering a split of the company together with private equity group KKR, two sources… https://t.co/ROHCmkxj8S
