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Euronews

Gavin Blackburn

UK approves takeover of Telegraph newspaper by German publishing giant Axel Springer

Axel Springer United Kingdom BILD Daily Mail Die Welt Daily Telegraph RedBird IMI

The UK government gave the green light on Tuesday for German media group Axel Springer to buy the British daily newspaper The Telegraph, ending a drawn-out pursuit of the 170-year-old title.

The Labour government's Culture Secretary Lisa Nandy said in a statement that she is "not minded to intervene in this merger" over competition and foreign-ownership concerns.

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