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flag Axel Springer to buy The Telegraph for £575M, pending approval.

flag German media company Axel Springer has agreed to acquire The Telegraph Media Group for £575 million, ending a previous deal between Daily Mail and General Trust and a failed takeover by an Abu Dhabi-backed consortium, RedBird IMI, which was blocked over foreign ownership concerns. flag The acquisition, pending regulatory approval, marks a major shift in UK media ownership, with Axel Springer, owner of Politico, calling the purchase a long-held ambition and a privilege to uphold British journalism. flag The deal is expected to close later in 2026.

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