Telegraph takeover by German buyer cleared by culture secretary

Lisa Nandy says there are no grounds to refer Axel Springer deal to Ofcom, ending almost three years of uncertainty for titles Business live – latest updates The culture secretary has cleared Axel Springer’s £575m takeover of the Telegraph, paving the way for the end of almost three years of uncertainty over the ownership of the titles. Lisa Nandy said that she does not believe there are grounds to intervene and refer the deal to the media regulator, Ofcom, for an in-depth regulatory invest...

By Mark Sweney