Open in App
  • U.S.
  • Election
  • Newsletter
  • Reuters

    Springer and KKR considering split of German media giant, sources say

    By Reuters,

    3 days ago
    https://img.particlenews.com/image.php?url=45QL6J_0uOav6Pj00

    BERLIN (Reuters) - 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 familiar with the matter told Reuters on Friday.

    The plan would see KKR gain control of Springer's classifieds business, while CEO Mathias Doepfner would take control of the media business together with the founder's widow, Friede Springer, the sources said.

    The Financial Times first reported on the break-up talks.

    (Reporting by Klaus Lauer, Writing by Rachel More, Editing by Miranda Murray)

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular

    Comments / 0