May 29, 2019 / 5:32 PM / 3 months ago

Springer family, KKR considering bid to take Axel Springer private

FRANKFURT, May 29 (Reuters) - The Springer family and KKR, the private equity investor, are considering a bid to take German publishing house Axel Springer private, Bloomberg News said in a tweet on Wednesday.

No comment was immediately available from Springer.

Springer’s shares have underperformed as rival media players have restructured and spun off their faster-growing digital classifieds assets, leaving the company at a valuation discount. (Reporting by Douglas Busvine; editing by David Evans)

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