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Axel Springer SE (SPRGn.DE)

SPRGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Axel Springer CEO: KKR Deal Foresees Partnership Of Equals
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Axel Springer CEO::CUT OUTLOOK DUE TO CYCLICAL WEAKNESS IN JOBS CLASSIFIEDS, BREXIT.NO CONCRETE M&A PLANS, BUT WE ARE DISCUSSING POSSIBLE DEALS.EVEN IF KKR GAINS MAJORITY VIA BUYOUT DEAL OUR AGREEMENT FORESEES "PARTNERSHIP OF EQUALS".  Full Article

Axel Springer Cuts Guidance For 2019
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Axel Springer SE ::DGAP-ADHOC: AXEL SPRINGER SE: KKR ANNOUNCES THE LAUNCH OF A PUBLIC TAKEOVER OFFER ON THE BASIS OF AN INVESTOR AGREEMENT WITH AXEL SPRINGER SE.KKR'S HOLDING COMPANY ANNOUNCES TODAY THAT IT INTENDS TO LAUNCH A PUBLIC TAKEOVER OFFER TO ALL SHAREHOLDERS OF AXEL SPRINGER SE AT AN OFFER PRICE OF EUR 63.00 PER SHARE IN CASH.EXECUTIVE BOARD AND SUPERVISORY BOARD OF AXEL SPRINGER SE, WHICH HAVE APPROVED EXECUTION OF INVESTOR AGREEMENT, WELCOME ANNOUNCED PUBLIC TAKEOVER OFFER AND WILL SUPPORT PUBLIC TAKEOVER OFFER.OFFER ANNOUNCED TODAY REPRESENTS A PREMIUM OF APPROXIMATELY 31.5 % ON VOLUME WEIGHTED AVERAGE SHARE PRICE OF AXEL SPRINGER SHARES.PUBLIC TAKEOVER OFFER SHALL BE SUBJECT TO A MINIMUM ACCEPTANCE RATE OF 20 % AND OBTAINING OF MERGER CONTROL CLEARANCE AND OTHER REGULATORY APPROVALS.EXECUTIVE BOARD HAS DECIDED TO HOLD ON TO INVESTMENTS PLANNED FOR IMPLEMENTATION OF ITS GROWTH STRATEGY FOR FISCAL YEAR 2019 DESPITE OF REVENUE DEVELOPMENT BEING WEAKER THAN PLANNED.PARTIAL ADJUSTMENT OF REVENUES AND EARNINGS DEVELOPMENT EXPECTED FOR 2019.SEES REVENUES DECREASE IN LOW SINGLE-DIGIT PERCENTAGE RANGE.SEES REVENUES IN CLASSIFIEDS MEDIA AT PREVIOUS YEAR'S LEVEL TO AN INCREASE IN LOW SINGLE-DIGIT PERCENTAGE RANGE.SEES ADJUSTED EBITDA OF GROUP TO DECREASE IN MID SINGLE-DIGIT PERCENTAGE RANGE.SEES ADJUSTED EBIT OF GROUP TO DECREASE IN HIGH SINGLE-DIGIT PERCENTAGE RANGE.SEES ADJUSTED EPS TO DECREASE IN HIGH SINGLE-DIGIT TO LOW DOUBLE-DIGIT PERCENTAGE RANGE.  Full Article

Purplebricks Says Axel Springer Bought 43.7 Mln Shares Of Co
Monday, 3 Jun 2019 

June 3 (Reuters) - Purplebricks Group PLC ::AXEL SPRINGER SE PURCHASED 43.7 MILLION SHARES OF £0.01P EACH IN COMPANY AT £1 PER ORDINARY SHARE.FOLLOWING PURCHASE, AXEL SPRINGER SE BENEFICIALLY INTERESTED IN SHARES REPRESENTING ABOUT 26.6% OF ISSUED SHARE CAPITAL.  Full Article

Axel Springer Announces Negotiations For Potential Strategic Investment Of KKR
Thursday, 30 May 2019 

May 29 (Reuters) - Axel Springer Se ::DGAP-ADHOC: AXEL SPRINGER SE: NEGOTIATIONS FOR POTENTIAL STRATEGIC INVESTMENT OF KKR.ANNOUNCES EXECUTIVE BOARD IN NEGOTIATIONS WITH KKR AS WELL AS DR. H.C. FRIEDE SPRINGER FOR POTENTIAL STRATEGIC INVESTMENT OF KKR IN CO.EXECUTIVE BOARD IS PURSUING ITS GROWTH STRATEGY OF INCREASING ENTERPRISE VALUE IN LONG-TERM.STATE OF NEGOTIATIONS PROVIDES KKR TO LAUNCH A PUBLIC TENDER OFFER TO OTHER SHAREHOLDERS OF AXEL SPRINGER SE TO ACQUIRE THEIR SHARES.IT IS CURRENTLY OPEN IF THERE WILL BE PUBLIC TENDER OFFER AND INVESTMENT BY KKR IN CO OR ANY SUBSEQUENT CORPORATE STRUCTURAL MEASURES.LEGAL, TAX AND FINANCIAL FEASIBILITY STILL NEEDS TO BE REVIEWED IN DETAIL BY PARTIES INVOLVED.  Full Article

Axel Springer Says Selling Its Majority Interest In @Leisure Group To India's OYO Hotels & Homes (OYO)
Wednesday, 1 May 2019 

May 1 (Reuters) - Axel Springer SE ::AXEL SPRINGER SAYS SELLING ITS MAJORITY INTEREST IN @LEISURE GROUP TO INDIA'S OYO HOTELS & HOMES (OYO).AXEL SPRINGER SE - TOTAL VOLUME OF THE TRANSACTION HAS AN EBITDA MULTIPLE OF MORE THAN 15 FOR THE YEAR 2018.AXEL SPRINGER SAYS CO WILL RECEIVE A TOTAL OF ABOUT EUR 180 MILLION (INCLUDING THE REPAYMENT OF A SHAREHOLDER LOAN OF AROUND EUR 60 MILLION) FOR DEAL.  Full Article

Axel Springer Appoints Ralph Buechi New Chairman Of The Supervisory Board
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Axel Springer SE ::RALPH BUECHI NEW CHAIRMAN OF THE SUPERVISORY BOARD.  Full Article

Germany's Axel Springer Doesn't See Major Brexit Impact On Business
Thursday, 7 Mar 2019 

March 7 (Reuters) - Axel Springer SE ::WE AIM TO INVEST A MID TWO-DIGIT MILLION EURO SUM IN 2019.WE ARE DEFINITELY NOT INTERESTED IN BUYING ASSETS FROM GERMANY'S DUMONT NEWSPAPERS PORTFOLIO.SAYS WE DON'T SEE MAJOR BREXIT IMPACT IN 2019, 2020 ON OUR BUSINESS.  Full Article

Axel Springer Acquires Paid Content Technology Company CeleraOne
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Axel Springer SE ::ACQUIRES PAID CONTENT TECHNOLOGY COMPANY CELERAONE.  Full Article

Axel Springer CEO: Would Consider Digital News Acquisitions In 2019
Friday, 27 Jul 2018 

July 27 (Reuters) - Axel Springer SE ::CEO SAYS WOULD CONSIDER ACQUISITIONS IN 2019 IN DIGITAL NEWS AREA.  Full Article

DEAG Deutsche Entertainment Buys 24.9% Of Shares In Mytic Myticket From Starwatch Entertainment
Monday, 2 Jul 2018 

July 2 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG ::ACQUISITION OF 24.9% OF THE SHARES IN MYTIC MYTICKET AG FROM STARWATCH ENTERTAINMENT GMBH.AXEL SPRINGER SE WILL CONTINUE TO HOLD REMAINING 24.9% OF SHARES.  Full Article

Axel Springer in negotiations with KKR for potential investment

FRANKFURT German publishing house Axel Springer SE said on Wednesday it is in negotiations with private equity firm KKR and Friede Springer of the Springer family for a potential strategic investment of KKR in the company.