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German media group Axel Springer announced an agreement to acquire the British newspaper The Telegraph and its entire media group for $766.3 million in cash, ending a long period of uncertainty for the British publisher.
Last year the Daily Mail and General Trust proposed to buy the company in a £500m takeover.
Germany’s Axel Springer has reached an agreement with RedBird IMI to acquire Telegraph Media Group for £575 million ($766.6 million). The German-based media company said the acquisition would preserve the Telegraph’s legacy while providing a platform for growth and international expansion. The companies said they look forward to discussing the transaction with the Department for […]
A consortium led by the publisher of the New York Sun, backed by Axel Springer, is reportedly willing to increase its bid to acquire the UK's Telegraph Media Group, aiming to disrupt its sale to DMGT.
Last year the Daily Mail and General Trust proposed to buy the company in a £500m takeover.