Sept 14 (Reuters) - German billionaire Mathias Doepfner

and KKR reached a fundamental deal in summer to split up

the media giant Axel Springer, a source familiar with the

situation told Reuters on Saturday.

The two sides are expected to discuss the proposed

structure of a deal that would give KKR majority control of the

company's profitable classifieds business at a meeting of its

supervisory next week, the source said.

The deal values the whole company at 13.5 billion euros

($14.95 billion), including more than 10 billion for the

classifieds business, the Financial Times reported on Saturday.

The source told Reuters the evaluation is not final yet, but

could be around those numbers.

Signing the deal may still take months, but both parties

may make an announcement next week, the source said.

Axel Springer declined to comment.

($1 = 0.9029 euros)