It was always a given that dehumanizing rhetoric around immigration would intensify as the presidential election approached.

German media giant Axel Springer said Thursday it will break up its business by selling off its digital classifieds arm to US and Canadian investors, and focus on its core news outlets.

The issuer is solely responsible for the content of this announcement.

KKR & Co. and German billionaire Mathias Döpfner agreed to split up media conglomerate Axel Springer, separating its fast-growing classifieds units from its news businesses.

The transaction is expected to close in the second quarter of 2025 and it is subject to regulatory approval. Axel Springer, ...

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