Telegraph’s £575m takeover by German group completed

Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year-old titles Business live – latest updates 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). Continue reading...