KKR in talks to take Germany’s Axel Springer private
Business Insider-owner Springer is pushing to build its international presence
30 May 2019 - 20:01
Frankfurt — Axel Springer’s share price jumped more than 20% on Thursday after the German publisher said its main owners were in talks with US investor KKR to take the $5.4bn company private and pursue a long-term growth strategy.
In turning to private equity house KKR, founder Axel Springer’s 76-year-old widow, Friede, is bringing in an investor known for making long-term media investments in Germany, focusing on digital transformation and international expansion...
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