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Market Chatter: KKR in Discussions to Break Up Media Conglomerate Axel Springer
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Market Chatter: KKR in Discussions to Break Up Media Conglomerate Axel Springer
Jul 11, 2024 12:02 PM

02:39 PM EDT, 07/11/2024 (MT Newswires) -- KKR (KKR) and Axel Springer Chief Executive Mathias Dopfner are discussing to break up the media conglomerate, the Financial Times reported Thursday.

Under the separation being negotiated, Dopfner and Friede Springer, widow of the company's founder, would assume more control over the group's media properties, FT reported, citing four people with knowledge of the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 109.00, Change: -0.45, Percent Change: -0.41

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