economy
March 6, 2026
Axel Springer Buys Daily Telegraph Owner for 663 Million Euros
German media company Axel Springer has agreed to buy 'The Telegraph Media Group', owner of the British newspaper 'The Daily Telegraph', for 663 million euros, the two companies announced today.
TL;DR
- Axel Springer, a German media company, has agreed to buy 'The Telegraph Media Group'.
- 'The Telegraph Media Group' is the owner of the British newspaper 'The Daily Telegraph'.
- The agreed price for the acquisition is 663 million euros.
- The announcement was made jointly by both companies.
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