Axel Springer and KKR reached fundamental deal in summer, source said
-German billionaire Mathias Doepfner and KKR reached a fundamental deal in summer to split up the media giant Axel Springer, a source familiar with the situation told Reuters on Saturday.
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 next week, the source said. The deal values the whole company at 13.5 billion euros , including more than 10 billion for the classifieds business, the Financial Times reported on Saturday. The source told Reuters the evaluation is not final yet, but could be around those numbers.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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