German media group Axel Springer to buy publisher of the UK’s Daily Telegraph newspaper for $766 million

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German media group Axel Springer has agreed to acquire the Telegraph Media Group, owner of Britain's Daily Telegraph, for £575 million ($766 million). The CEO stated the acquisition fulfills a long-held ambition to own the publication, aiming to build a leading center-right media outlet.
06/03 14:35 wdrb.com
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