75 place 4

517 KKR Grabs the Best of Axel Springer

The Information
Martin Peers @ The Information · 09/19/2024 20:00 EDT

Smart money and digital media don’t always mix well. Just ask KKR. Five years after the private equity firm, together with the Canada Pension Plan, bought a roughly 49% stake in German media giant Axel Springer, parent of Business Insider and Politico, the two investors are fleeing the scene.That might be hyperbolic. Technically what’s happening is that Axel Springer is breaking in two. KKR and the Canadians will walk away with about 85% of Axel’s classified ads business, the most profitable part of the com

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