Axel Springer SE has moved to purchase the Tory party-affiliated British outlet The Telegraph
Germany’s Axel Springer SE, the owner of Bild, Politico, and Business Insider, has announced that it will buy out The Telegraph for £575 million ($771 million). The deal would unite two of Europe’s most influential conservative brands, and sink efforts from the owner of its tabloid rival, the Daily Mail, to purchase the center-right newspaper.
In a press release on Friday, Axel Springer CEO Mathias Dopfner said that he would preserve Telegraph Media Group’s (TMG) editorial independence, develop its use of AI, and invest in the outlet’s expansion into…
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