Axel Springer Considers Split from Private Equity

German media giant Axel Springer, owner of Bild and Politico, is in talks with private equity group KKR to potentially split the company. The proposed split would involve KKR gaining control of the classifieds business, while CEO Mathias Doepfner and Friede Springer would take over the media business. This move aims to separate media assets from digital classifieds operations, allowing for potential growth and strategic realignment. Axel Springer's portfolio includes brands like Politico, Business Insider, Bild, and Die Welt, with a focus on expanding into artificial intelligence through partnerships like OpenAI.