Telegraph’s £575m takeover by German group completed
Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year-old titles
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 had now received all regulatory approvals in the UK, Ireland and Austria to take full control of Telegraph Media Group (TMG).
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