Axel Springer’s media assets to be split off in €13.5bn KKR deal

Private equity group to control classified business while Mathias Döpfner and Friede Springer will run digital operationAxel Springer has struck a €13.5bn (£11.3bn) deal that will see its media assets, which include Politico, Business Insider and newspapers Bild and Die Welt, hived off into a private company with the aim of building an international digital news media powerhouse.The move will see the German conglomerate, which last year decided against bidding for the Daily and Sunday Telegraph because its focus is a “digital first, digital only” acquisition strategy, become fully privately owned for the first time since its flotation in 1985. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2024-09-19 14:19:21 UTC ]
News tagged with: #axel springer #media assets #mathias dpfner #friede springer #3bn deal #include politico #business insider #newspapers bild #die welt #private company #german conglomerate #year decided #sunday telegraph #acquisition strategy #privately owned

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Bookselling Roundup, Week Ending March 13, 2015

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[ Publishers Weekly | 2015-03-13 00:00:00 UTC ]
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[ Publishers Weekly | 2015-03-11 00:00:00 UTC ]
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How Tech Media Covered the Apple Watch Launch

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[ Editor & Publisher | 2015-03-10 00:00:00 UTC ]
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Yorkshire Tea signs Gruffalo licensing deal

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[ The Bookseller | 2015-03-10 00:00:00 UTC ]
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Live blog of the live blogs: How tech media is covering the Apple Watch today

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[ Digiday | 2015-03-09 00:00:00 UTC ]
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Paula Deen Inks Deal with Hachette

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[ The Bookseller | 2015-02-21 00:00:00 UTC ]
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[ Folio Magazine | 2015-02-19 00:00:00 UTC ]
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