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International Business Times
International Business Times
Business
Ann Resuma

German Billionaire Mathias Döpfner, KKR Nearing Deal On Splitting Axel Springer

Mathias Döpfner Axel Springer KKR BILD United States
Mathias Doepfner (pictured March 2019), chairman of German news publisher Axel Springer, said it will be "a privilege and a special responsibility to help shape" Politico's future (Credit: dpa / Bernd von Jutrczenka)

German billionaire Mathias Döpfner and KKR are nearing a deal that would split Axel Springer, a multinational mass and online media giant in Germany.

The split would break Axel Springer's fast-growing classifieds unit from its news businesses, Bloomberg reported citing people with knowledge of the matter.

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