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Evening Standard
Evening Standard
Politics
Henry Saker-Clark

German media group Axel Springer to buy Telegraph for £575m

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

German media firm Axel Springer has agreed to buy the Telegraph Media Group (TMG) for £575 million, scuppering efforts by the owner of the Daily Mail to snap up its UK newspaper rival.

It is the latest major twist in a roughly three-year ownership tussle for the politically influential newspaper group.

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