Axel Springer agrees to buy Telegraph Media Group in £575m deal

Last year the Daily Mail and General Trust proposed to buy the company in a £500m takeover.

Axel Springer Agrees to Buy U.K.’s Telegraph

The $766 million takeover is the latest twist for The Telegraph, an influential British newspaper whose ownership had been in limbo for years.

By Michael J. de la Merced

Axel Springer acquires British 'Daily Telegraph'

The group said it wants the group to become a 'leading center-right media outlet in the English-speaking world' and to 'turbocharge' expansion into the US.

Axel Springer to buy Telegraph for £575m, elbowing aside Daily Mail owner

German owner of Bild and Die Welt is understood to have agreed all-cash deal for one of UK’s oldest newspapers Business live – latest updates Axel Springer, the owner of Politico and Business Insider, is to acquire the Telegraph after tabling a £575m deal that has scuppered a rival deal from the owner of the Daily Mail. Springer, which also owns Europe’s biggest newspaper, Bild, and the daily Die Welt, is understood to have agreed an all-cash deal for the Daily and Sunday Telegraph. Contin...

By Mark Sweney

Germany's Axel Springer makes swoop to bag UK's Telegraph

The Berlin-based media giant Axel Springer says it is buying the UK newspaper Daily Telegraph after a protracted search for a new owner. If successful, the plan is to "turbocharge" expansion into the United States.

Dow drops 900 after oil hits nearly 2-year high and US stagflation looms - Nikkei Asia

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Who is Axel Springer, the German media group buying The Telegraph?

Axel Springer was founded 80 years ago by its namesake in post-war Hamburg, Germany.

By Anna Wise

Politico owner Axel Springer to buy UK’s Telegraph in £575 million deal pending regulatory approval

German media conglomerate Axel Springer has announced its intention to acquire the UK's Telegraph Media Group for £575 million, a deal subject to regulatory approval. Axel Springer, owner of POLITICO, aims to enhance the right-leaning publication's reach and intellectual influence globally. The company emphasized shared values with The Telegraph, while UK authorities confirmed they will assess the proposed transaction.

By TOI Business Desk

Germany’s Axel Springer Agrees $766 Million Deal to Acquire Telegraph Media Group

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 […]

By Naman Ramachandran

German media group Axel Springer buys UK’s Telegraph for $766 million, ending ownership limbo

German media group Axel Springer said on Friday it had agreed to buy Britain’s Telegraph Media Group for 575 million pounds ($766.3 million) in cash, bringing to an end a prolonged period of uncertainty over the newspaper’s ownership. The deal gatecrashed Daily Mail owner DMGT’s attempt to buy its broadsheet rival, which had been facing regulatory probes in Britain amid concerns about media plurality. Axel Springer said it would preserve the Telegraph’s legacy while providing a platform for e...

By none@none.com (Reuters)

The Telegraph was sold for €663 million to the group of Politico, Bild and Welt

The German media group Axel Springer stressed that it will invest in the group “to allow it to become the leading centre-right media outlet in the English-speaking world” and to “accelerate” its expansion in the US market The post The Telegraph was sold for €663 million to the group of Politico, Bild and Welt appeared first on ProtoThema English.

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