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.
Coverage by Political Leaning
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Notable Quotes
"To be the owner of this institution of quality British journalism is a privilege and a duty."
— Mathias Dopfner , Executive
"More than 20 years ago, we tried to acquire The Telegraph and did not succeed. Now our dream comes true."
— Mathias Döpfner , Executive
"To be the owner of this institution of quality British journalism is a privilege and a duty."
— Mathias Dopfner , Executive
"To be the owner of this institution of quality British journalism is a privilege and a duty."
— Mathias Dopfner , Executive
"Now our dream comes true. To be the owner of this institution of quality British journalism is a privilege and a duty."
— Mathias Döpfner , Executive
"The German company will be an exemplary proprietor for this treasure of Western journalism."
— Dovid Efune , Executive
"Owning the Telegraph was 'a privilege and a duty'."
— Mathias Dopfner , Executive
"More than 20 years ago, we tried to acquire The Telegraph and did not succeed. Now our dream comes true."
— Mathias Döpfner , Executive
Key People
Axel Springer is a prominent media executive and the CEO of Axel Springer SE.
Publisher of the New York Sun.
UK culture secretary who urged the IPC to reconsider allowing Russian and Belarusian athletes to compete under their flags.
Owner of the Daily Mail and General Trust.
Mathias Dopfner is the CEO of Axel Springer, a European media company.
Mathias Döpfner is the CEO of Axel Springer SE.
Vice president of the United Arab Emirates.
Tags
All Coverage
Last year the Daily Mail and General Trust proposed to buy the company in a £500m takeover.
Axel Springer, the German media conglomerate and parent company of Politico and Business Insider, has acquired the British newspaper The Telegraph in a £575 million all-cash deal. This acquisition concludes a lengthy search for a permanent owner for the Telegraph.
Axel Springer has agreed to buy the Telegraph Media Group for £575 million, ending efforts by the owner of the Daily Mail to acquire its UK newspaper rival. The deal follows RedBird IMI's decision to sell the business after its own takeover was blocked by the UK government over foreign ownership concerns.
Axel Springer has agreed to acquire the Telegraph Media Group, including the Daily Telegraph and Sunday Telegraph, in a £575 million all-cash deal. The acquisition follows RedBird IMI's decision to sell the business after its own takeover was blocked by the UK government over foreign ownership concerns.
Axel Springer has purchased the Telegraph for approximately $770 million, fulfilling CEO Mathias Döpfner's long-standing goal to own the UK paper.
Axel Springer has agreed to acquire the Telegraph Media Group in a £575 million all-cash deal, ending two years of ownership uncertainty.
Axel Springer has agreed to buy Britain's Telegraph Media Group for £575 million, ending a prolonged period of uncertainty over the newspaper's ownership.
Axel Springer is set to acquire the Telegraph Media Group in a £575 million deal, bringing the Daily and Sunday Telegraph under overseas ownership. The deal is subject to regulatory approval and will place the Telegraph alongside German titles Bild and Die Welt, along with online brands Politico and Business Insider.
Axel Springer has agreed to acquire the Telegraph Media Group for £575 million, ending years of uncertainty over the Telegraph's ownership. The deal aims to position the Telegraph as a leading center-right English-language media outlet and expand significantly in the U.S. market.
Axel Springer has agreed to buy the owner of Britain's Daily Telegraph newspaper for £575 million, ending a long saga over ownership of the Telegraph Media Group.
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