Axel Springer SE shareholders, representing a 27.8% of the company's share capital, have accepted KKR & Co.'s offer to buy out minorities in the German media company. The transaction exceeds the 20% threshold required.

Shareholders who are yet to tender their shares can accept the offer at €63 per share, during the additional acceptance period, which will last for 14 days until Aug. 21.

The offer's completion remains subject to antitrust, foreign investment and media law approval.