POLITICO owner Axel Springer strikes breakup deal with KKR

German media company to split news business from classifieds

Posted Thursday, September 19, 2024 11:40 am

Alexandra Bruell and Miriam Gottfried | The Wall Street Journal

Axel Springer CEO Mathias Döpfner is trying to build an international publishing empire, with U.S. expansion a top priority.

Now he’ll be pursuing those ambitions in a slimmed-down company focused squarely on media.

The Berlin-based company on Thursday announced a decision with KKR, its largest shareholder, to split its classifieds business from its media operations.

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POLITICO owner Axel Springer strikes breakup deal with KKR

German media company to split news business from classifieds

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