The arrangement would split the company’s media assets—which include Business Insider, Politico and German publication Die Welt—from its digital classifieds portfolio. (Financial Times)
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The arrangement would split the company’s media assets—which include Business Insider, Politico and German publication Die Welt—from its digital classifieds portfolio. (Financial Times)
Talking point: Canada Pension Plan Investment Board and global investment firm KKR would take over the classifieds business, sources told the Financial Times, the more valuable part of the two divisions. The firms together own 48.5 per cent of Axel Springer, of which CPP Investments controls 12.9 per cent. Friede Springer, the founder’s widow, and CEO Mathias Döpfner would take more control of its media portfolio. The potential deal comes as Döpfner tries to expand the Berlin-based company further into the U.S. It bought Politico for US$1 billion in 2021, and the CEO is reportedly interested in buying The Wall Street Journal if it was put up for sale.
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