Stock Market News

Axel Springer and KKR near deal on $13.5 billion break-up, Financial Times reports

2024.09.14 14:50

(Reuters) -German billionaire Mathias Doepfner and KKR are nearing a deal to split up the media giant Axel Springer, the Financial Times reported on Saturday, citing four people familiar with the matter.

The two sides are expected to discuss the proposed structure of a deal that would give KKR majority control of the company’s profitable classifieds business at a meeting of its supervisory board on Thursday, the Financial Times reported.

© Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

The deal values the whole company at 13.5 billion euros ($14.95 billion), including more than 10 billion for the classifieds business, according to the sources.

($1 = 0.9029 euros)



Source link

Related Articles

Back to top button