Politico owner Axel Springer joins rival Telegraph bid led by Dovid Efune

Dovid Efune, the British owner of the New York Sun, has been pursuing the Telegraph titles for more than a year. Photograph: Jared Siskin/Patrick McMullan/Getty Images

The media company Axel Springer, the owner of Politico and Business Insider, has joined a rival bid for the Telegraph as a proposed £500m sale to the owner of the Daily Mail faces months of scrutiny from regulators.

Axel Springer, which also owns Europe’s highest-circulation newspaper, Bild, has joined a consortium led by Dovid Efune, the British owner of the New York Sun, who has been pursuing the Telegraph titles for more than a year.