Axel Springer and KKR reached fundamental deal in summer, source says
German billionaire Mathias Doepfner and KKR have reportedly reached a basic agreement to split up the media giant Axel Springer. KKR is set to take majority control of the company’s profitable classifieds business in a deal that values the entire company at around 13.5 billion euros. While the deal is not finalized yet, an announcement…