KKR - KKR Shares Trade Higher On Heels Of Axel Springer Talks: Politico Business Insider In Focus | Benzinga
KKR & Co. Inc. (NYSE:KKR) shares are trading higher Friday by 0.86%, less than 24 hours after news broke that the private equity group is discussing whether to split media conglomerate Axel Springer.
What Happened: KKR is reportedly in talks with German billionaire and Axel Springer CEO Mathias Döpfner about separating its media assets from the digital classifieds business.
Döpfner and Friede Springer, the widow of the company’s founder, would reportedly gain increased control over the conglomerate’s media assets.
The media assets under discussion include U.S. news sites Politico and Business Insider, as well ...