Germany's Axel Springer makes swoop to bag UK's Telegraph
Fashion
Berlin-based media group Axel Springer on Friday said it had agreed to buy Britain 's historic Telegraph newspaper outfit for 575 million pounds (roughly €665 million, $770 million), the company said. The deal — which must still be approved by relevant authorities — could end a lengthy saga over the fate of the Telegraph Media Group, which publishes the 171-year-old, right-leaning Daily Telegraph as well as its Sunday sister paper. Springer wants to acquire the Telegraph Media Group (TMG) from
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