POLITICO owner Axel Springer buys Telegraph for £575M – POLITICO
German media conglomerate Axel Springer announced Friday it is purchasing the U.K.’s Telegraph Media Group. Axel Springer, which owns POLITICO, is buying the right-leaning British publication for £575 million (€662 million). In a statement, Axel Springer CEO Mathias Döpfner said, “more than 20 years ago, we tried to acquire The Telegraph and did not succeed. […]
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