Overview

• Axel Springer’s media assets, including Politico and Business Insider, will be owned by Mathias Döpfner and Friede Springer.
• KKR and Canada Pension Plan Investment Board will hold a majority stake in the newly separated classifieds business, including StepStone and Aviv.
• The deal, valued at €13.5 billion, is expected to close in the second quarter of 2025, pending regulatory approval.
• Axel Springer aims to become a leading transatlantic digital journalism company, emphasizing the role of technology and artificial intelligence.
• The split follows several controversies in Axel Springer's media division and aims to streamline operations and focus on growth areas.