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The Independent UK
The Independent UK
National
Via AP news wire

German media group Axel Springer will buy the publisher of UK's Daily Telegraph for $766 million

Britain Daily Telegraph - (Copyright 2024 The Associated Press. All rights reserved)

German media group Axel Springer has agreed to buy the owner of Britain’s Daily Telegraph newspaper for 575 million pounds ($766 million), the companies announced Friday.

The agreement ends a long saga over ownership of the Telegraph Media Group, which publishes the 171-year-old, conservative-leaning Daily Telegraph and its Sunday sister paper.

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