Axel Springer to buy Telegraph for £575m, elbowing aside Daily Mail owner

German owner of Bild and Die Welt is understood to have agreed all-cash deal for one of UK’s oldest newspapersBusiness live – latest updatesAxel Springer, the owner of Politico and Business Insider, is to acquire the Telegraph after tabling a £575m deal that has scuppered a rival deal from the owner of the Daily Mail.Springer, which also owns Europe’s biggest newspaper, Bild, and the daily Die Welt, is understood to have agreed an all-cash deal for the Daily and Sunday Telegraph. Continue reading...