KKR and Döpfner Near Axel Springer Split

German billionaire Mathias Döpfner and private equity firm KKR are reportedly close to finalizing a split of the media giant Axel Springer, with an announcement potentially coming this week. The deal, valued at approximately €13.5 billion ($15 billion), would grant KKR majority control over the company's lucrative classifieds business, which is valued at over €10 billion. This strategic move aims to unlock shareholder value and enhance operational efficiency by separating the company into distinct entities. The split comes after a five-year partnership, during which KKR took Axel Springer private, and reflects Döpfner's effort to solidify his influence over the company's diverse media holdings, including major outlets like Bild and Politico. Discussions on the deal's structure are set for a supervisory board meeting, although finalization may take months. Both Axel Springer and KKR have declined to comment on the developments.