Politico Owner Axel Springer Strikes Breakup Deal With KKR

Axel Springer struck a deal that will see its media assets–which include Politico, Business Insider, and newspapers Bild and Die Welt–hived off into a private company with the aim of building an international digital news media powerhouse. (The Guardian) Axel Springer’s profitable classifieds businesses are to become separately held entities under U.S. firm KKR and…

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