One of the European leading media companies, the German Axel Springer (SPR) is in talks with the US private-equity company KKR. According to Bloomberg and Wall Street Journal, the topic has been the privatization.
According to the sources, the founders are not selling their ownership, but it may be a question of a public tender offer to other Axel Springer´s shareholders.
After the company announcement on Wednesday evening, the shares of Axel Springer rose over 20 % to 54,50 euros yesterday on Thursday trading. Today on Friday the shares were up by 0,46 % to 55,15 euros in Frankfurt.