Axel Springer, KKR Deal Talks Started During the Summer
Private Equity Firm's Interest Was First Reported Last Month
In August, Bloomberg News reported that KKR & Co. was considering a deal to acquire a majority stake in Axel Springer. Talks between the two companies began in the summer, according to a person familiar with the matter who asked not to be identified because the discussions were private.
Deal Could Value Company at About $7 Billion, Report Says
The talks are at an early stage and there is no certainty that a transaction will be reached, the person said. Axel Springer, which has a market value of about $6 billion, could be valued at about $7 billion in a deal, Bloomberg News reported, citing people familiar with the matter.
Axel Springer in Talks to Sell Majority Stake to KKR
Axel Springer is a German media company that owns newspapers, magazines, and online news sites. KKR is a global investment firm that has invested in a variety of industries, including media and technology.
A representative for Axel Springer declined to comment. KKR did not immediately respond to a request for comment.