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Evening Standard
Evening Standard
Henry Saker-Clark

Government gives thumbs up to Telegraph’s £575m German takeover

Axel Springer Business Insider The Telegraph the Telegraph Media Group Lisa Nandy RedBird IMI United States Daily Mail DMGT
The Government has approved the £575 million takeover of the Telegraph newspaper group by a German media firm (Yui Mok/PA) - (PA Wire)

The Government has approved the £575 million takeover of the Telegraph newspaper group by a German media firm.

Politico and Business Insider owner Axel Springer struck the deal to buy the Telegraph Media Group last month, after a possible takeover by Daily Mail and General Trust (DMGT) was rocked by competition concerns.

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