Category : Acquisitions


Axel Springer Buys Daily Telegraph in £575m Deal

Axel Springer has secured the Daily Telegraph with a £575m cash bid, overtaking DMGT's planned acquisition. The German publisher aims to grow the British broadsheet while preserving its legacy.

Axel Springer Buys Telegraph for £575m

German media giant Axel Springer has finalised a £575 million deal to purchase the Telegraph Media Group, overturning a previous agreement by Daily Mail and General Trust.

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