From Politico's sometimes enemy, sometimes frenemy, The Hill, September 14:
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 control over the company’s media outlets, which include Politico and Business Insider, as well as German publications....
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