Axel Springer And Kkr Reached Fundamental Deal In Summer Source Said

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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.