Telegraph Media Group Acquired by German Media Giant for £575 Million
The Telegraph Media Group has been successfully acquired by a German media giant in a deal valued at £575 million, marking the completion of the takeover.
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Telegraph’s £575m takeover by German group completed
Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year old titles Business live – latest updates The European media group Axel Springer has completed its £575m takeover of the Telegraph, ending three tumultuous years of uncertainty over the future ownership of the 172-year-old titles. The Germany-headquartered company, which gazumped the owner of the Daily Mail by tabling a blockbuster offer at the 11th hour, said it has now received all regulatory approvals...
By Mark Sweney
Read full article →Telegraph’s £575m takeover by German media giant completed
The media giant stated that the acquisition will enable it to accelerate the Telegraph's ‘digital transformation’
By Henry Saker-Clark
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