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Report: News Corp., Axel Springer to join bidding war for Acuris

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Report: News Corp., Axel Springer to join bidding war for Acuris

News Corp. and German media publisher Axel Springer SE are among the media companies considering acquiring Acuris, formerly known as Mergermarket Ltd., London's Financial Times reported, citing people involved in the process.

An auction for the sale of Acuris, owner of the Debtwire news and data service, will reportedly commence this week. Rating agencies Fitch Ratings, Moody's Corp. and S&P Global Inc., and buyout groups such as KKR & Co., Advent International GmbH and Hellman & Friedman LLC are also interested in buying Acuris, which could fetch more than £1 billion in a sale, according to the report.

BC Partners, which acquired Acuris in 2014, is reportedly working with JP Morgan on the sale.