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.
Axel Springer Buys Daily Telegraph Owner for 663 Million Euros German media company Axel Springer has agreed to purchase ‘The Telegraph Media Group’, the owner of the British newspaper ‘The Daily Telegraph’. The deal is valued at 663 million euros. This acquisition was announced by both companies today.
- 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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