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Axel Springer and KKR finalize division of media group

Published by Global Banking & Finance Review

Posted on April 29, 2025

1 min read

· Last updated: January 24, 2026

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Axel Springer and KKR finalize division of media group
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Axel Springer and KKR finalize division of media group

(Reuters) - Axel Springer and U.S. investment firm KKR have finalized the division of the media group, Springer said on Tuesday.

Chief Executive Matthias Doepfner and the Springer family will retain control of the media operations, including German tabloid Bild and Politico.

KKR and its partner, Canadian pension fund CPP Investments, will hold the majority of the classified advertising business, including jobs portal Stepstone and property portal Aviv. Axel Springer will hold onto a 10% stake in the business.

(Reporting by Klaus Lauer; Writing by Bernadette Hogg, editing by Kirsti Knolle)

Key Takeaways

  • Axel Springer and KKR finalize media group division.
  • Springer family retains control of media operations.
  • KKR and CPP Investments hold majority in classifieds.
  • Stepstone and Aviv are part of the classifieds business.
  • Axel Springer retains a 10% stake in the business.

Frequently Asked Questions

Who retains control of the media operations?
Chief Executive Matthias Doepfner and the Springer family will retain control of the media operations, including German tabloid Bild and Politico.
What businesses will KKR and CPP Investments hold?
KKR and its partner, Canadian pension fund CPP Investments, will hold the majority of the classified advertising business, including jobs portal Stepstone and property portal Aviv.
When was the division of the media group finalized?
Axel Springer and KKR finalized the division of the media group on Tuesday, as announced by Springer.

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