(Reuters) – German billionaire Mathias Döpfner and private equity group KKR are negotiating a break-up of media conglomerate Axel Springer, the Financial Times reported on Thursday, citing four people with knowledge of the matter.
Under the terms of the separation, KKR and Canada Pension Plan Investment Board, who together have the largest shareholding in Axel Springer, would take control of its portfolio of classifieds websites, including jobs platform StepStone and real estate ads unit Aviv, the report said.
KKR and Axel Springer did not immediately respond to Reuters requests for comment.
(Reporting by Harshita Mary Varghese; Editing by Shailesh Kuber)
