
16:49
Billionaire Mathias Doepfner, alongside KKR, is close to finalizing a significant restructuring of Axel Springer, as reported by the Financial Times. Key focus lies on splitting the media conglomerate to favor KKR's majority control over its lucrative classifieds business.
The entire company is valued at approximately 13.5 billion euros ($14.95 billion), with the classifieds business alone valued at over 10 billion euros, as per sources. The supervisory board is set to discuss the proposed deal structure, marking a crucial step in this transformative endeavor.
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