KKR, Döpfner, and Springer Split Axel Springer

Axel Springer SE will undergo a significant corporate restructuring, splitting its media and classifieds businesses. The media division, which includes Politico, Business Insider, and German newspapers Bild and Welt, will be privately owned by Mathias Döpfner and Friede Springer. This marks the first time since 1985 that Axel Springer will be a fully privately owned media company. The classifieds business, encompassing platforms like StepStone and Aviv, will be separately held with KKR and CPP Investments as majority shareholders. This deal, expected to be finalized in Q2 2025, values the entire company at approximately €13.5 billion, with the classifieds business accounting for around €10 billion. The restructuring aims to position each division for optimal growth and market success.