Axel Springer has struck a 13.5bn deal to create a private media company from its assets, including Politico and Business Insider, marking a shift to digital-first acquisitions.
Mathias Dopfner emphasized a focus on speed, agility, and technology, stating, 'We need to understand and harness the power of artificial intelligence faster and better than our competitors.'
Dopfner highlighted priorities for the company, saying, 'These priorities must be our focus if we want to be the leading transatlantic media company for digital journalism and related business models.'
With this deal, Dopfner and Friede Springer will control Axel Springer while private equity group KKR will take majority control of its profitable classifieds business, reflecting strategic shifts in the media landscape.
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