Axel Springer, KKR near $13.5 billion break-up deal ...Middle East

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German publisher Axel Springer and investment firm KKR are nearing a $13.5 billion break-up deal to split up the media giant, the Financial Times reported. Both sides will discuss at a supervisory board meeting on Thursday the proposed structure of a deal that would give KKR a majority of the control over the company’s profitable classifies, people familiar with the matter told the outlet. The deal values the entire company at $13.5 billion, including more than $10 billion for the classifieds business. The split has already been discussed and the Financial Times first reported the talks in July. If they come to a deal, it would allow German billionaire Mathias Döpfner to have

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Axel Springer, KKR near $13.5 billion break-up deal ...Middle East

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