Axel Springer and KKR close to $13.5 billion breakup deal, Financial Times By Reuters reports

(Reuters) – German billionaire Mathias Doepfner and KKR are nearing a deal to break up media giant Axel Springer, the Financial Times reported on Saturday, citing four people familiar with the matter.

The two sides are expected to discuss the proposed structure of a deal that would give KKR majority control of the company’s lucrative classified ad business at a meeting of its supervisory board on Thursday, the Financial Times reported.

The deal values ​​the entire company at 13.5 billion euros ($14.95 billion), including more than 10 billion for the ad business, according to the sources.

(1 USD = 0.9029 euros)