Reportedly, Axel Springer is close to acquiring The Telegraph for £500 million, potentially disrupting The Daily Mail's bid.

LootboxPhobia · 2026-03-06T16:26:41+00:00

Investing.com -- According to the UK Financial Times on Friday, citing sources familiar with the matter, media group Axel Springer is close to reaching a deal to acquire The Telegraph(.This move will disrupt The Daily Mail)'s proposed acquisition plans for this British newspaper group.Sources close to Axel Springer negotiations said the deal could be finalized as early as Friday, but also warned that the timeline could still be delayed.The Daily Mail( had previously come close to reaching an agreement to take control of its main competitor, The Telegraph.In recent weeks, the US-UAE group RedBird IMI, which currently owns The Telegraph, has begun negotiations with Axel Springer. Previously, this German publisher had expressed...

LootboxPhobia

2026-03-06 16:26:41

Investing.com – According to The Financial Times of the UK on Friday, citing sources, media group Axel Springer is close to reaching a deal to acquire The Telegraph for £500 million.

This move will disrupt the proposed acquisition plan of The Daily Mail by this British newspaper group.

Sources close to Axel Springer’s negotiations said the deal could be finalized as early as Friday, but they also warned that the timeline might still be delayed.

The Daily Mail had previously been close to an agreement to take control of its main competitor, The Telegraph.

In recent weeks, the US-UAE group RedBird IMI, which currently owns The Telegraph, has begun negotiations with Axel Springer. The German publisher had previously expressed interest in this conservative newspaper group at the last minute.

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