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KKR to buy German media group Axel Springer for €6.8bn

Axel Springer’s executive and supervisory board will support the takeover offer

KKR is making a public takeover offer for the shares o fAxel Springer after reaching an agreement with the German media company.

KKR will offer all Axel Springer shareholders 63 euros ($71.31) a share in cash, Axel Springer said Wednesday in a press release. The takeover offer will be subject to a minimum acceptance of 20%, Axel Springer said.

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