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German media empire Axel Springer to split in deal with KKR
  + stars: | 2024-09-19 | by ( ) www.cnbc.com   time to read: +3 min
Passers-by walk in front of the main entrance to the Axel Springer high-rise. The two sides had reached a deal in the summer to split Axel Springer, a source told Reuters on Saturday. KKR and its partner CPP Investments currently hold a 35.6% and 12.9% stake in Axel Springer, respectively, while Doepfner and Friede Springer hold 21.9% and 22.5%. Axel Springer had been preparing to float Stepstone but the planned initial public offering was shelved when war broke out in Ukraine in 2022. KKR and CPP Investments are now likely to target an IPO in the second half of 2025, according to an industry source.
Persons: Axel Springer, Mathias Doepfner, Axel Springer's, Springer, Friede Springer, Axel's, Doepfner, Friede Organizations: Politico, KKR, Reuters, Investments, Friede Springer, Springer Locations: Hamburg, North America, Aviv, Ukraine
Gabriel Silva is a 17-year-old in Spring, Texas, who had a stroke in the early morning. His border collie alerted his parents, enabling them to quickly get to a hospital for blood thinners. Without Axel, Silva could have needed to use a wheelchair and lost his ability to speak for life. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After intense physical, occupational, and speech therapy, Silva is now hopeful for the life ahead of him and thankful for Axel.
Persons: Gabriel Silva, collie, Axel, Silva, , Amanda Tanner, Tanner's, Daines, Axel wouldn't, Gabriel, Tanner, wasn't, couldn't, Hermann, Sabih Effendi, cerebrovascular, Effendi, there's Organizations: Service Locations: Spring , Texas
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