• by Ray Schultz , September 18, 2024

Axel Springer -- German parent of Politico, Business Insider and other publications -- may soon be broken up in a €13.5 billion deal with KKR.

KKR would gain majority control of Axel Springer’s classifieds business, the Financial Times reports.  

German billionaire Mathias Döpfner would retain a minority interest in the $10 billion classifieds unit while continuing his control of the U.S. media properties and German periodicals such as Bild and Welt.

The proposed structure of the new arrangement was set to be discussed on Thursday.