Telegraph’s £575m takeover by German group completed
Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year-old titlesBusiness live – latest updatesThe 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 had now received all regulatory approvals in the UK, Ireland and Austria to take…
Source: www.theguardian.com