Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Telegraph’s £575m takeover by German group completed
Business & Finance

Telegraph’s £575m takeover by German group completed

The Guardian UK Tuesday 30 June 2026, 09:05 UTC By Mark Sweney 1 min read
Key Points

Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year-old titlesBusiness live – latest updatesThe European media group Axel Springer has completed its £575m takeover of the Telegraph, ending three tumultuous years of uncertainty over the future ownership of the 172-year-old titles. The Germany-headquartered company, which gazumped the owner of the Daily Mail by tabling a blockbuster offer at the 11th hour, said it had now received all regulatory approvals in...

Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year-old titles

The European media group Axel Springer has completed its £575m takeover of the Telegraph, ending three tumultuous years of uncertainty over the future ownership of the 172-year-old titles.

The Germany-headquartered company, which gazumped the owner of the Daily Mail by tabling a blockbuster offer at the 11th hour, said it had now received all regulatory approvals in the UK, Ireland and Austria to take full control of Telegraph Media Group (TMG).

Continue reading...
Telegraph (ORG) German (ORG) Acquisition (ORG) Axel Springer (PERSON) European (ORG) Germany (LOCATION) the Daily Mail (ORG) UK (LOCATION) Ireland (LOCATION) Austria (LOCATION) Telegraph Media Group (ORG)
Originally published by The Guardian UK Read original →

Related Stories

The big surprise for the second half could be the AI trade powering higher. Why it wouldn’t take much.

HSBC strategists say the persistent scrutiny of the artificial intelligence trade could be met with surprise this year, if valuations of those stock start to climb again

MarketWatch 4m ago

Iran Demands Greater Control of Hormuz as Talks Resume

Jun 30th, 2026 Iran Demands Greater Control of Hormuz as Talks Resume Iran reiterated its determination to oversee and control maritime traffic through the Strait of Hormuz ahead of a fresh round of talks in Qatar on formally ending its war with the US. Tyler Kendall reports on Bloomberg Television.

Bloomberg Markets 5m ago

UK car industry issues warning over electric vehicle targets

UK car industry issues warning over electric vehicle targets Pure battery electric vehicles currently account for only 23.9 per cent of the new car market during the first five months of this year - Bookmark - CommentsGo to comments Electric vehicle (EV) sales targets in the UK are jeopardising investment and require urgent reform, the automotive industry has warned. The Society of Motor Manufacturers and Traders (SMMT) is calling for an "immediate review" of the Government’s zero emission...

The Independent UK 12m ago

Oil Headed for Largest Quarterly Price Drop Since 2020

Jun 30th, 2026 Oil Headed for Largest Quarterly Price Drop Since 2020 Oil is set for the biggest quarterly decline since the pandemic and Morgan Stanley is warning of a potential glut ahead as flows through the Strait of Hormuz accelerated following progress on a peace deal between the US and Iran. Alaric Nightengale reports on Bloomberg Television.

Bloomberg Markets 14m ago