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The Independent UK
The Independent UK
Business
Albert Toth

Axel Springer to buy Telegraph in £575m deal

Axel Springer the Telegraph Media Group RedBird IMI
Axel Springer has agreed to buy the Telegraph Media Group - (James Manning/PA)

German media firm Axel Springer has agreed to buy the Telegraph Media Group in a £575m deal, the companies have announced.

The media company, which also owns Politico and Business Insider, is understood to have agreed the all-cash deal for the The Daily Telegraph and The Sunday Telegraph.

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