The Guardian Australia
·general
·4 hours ago
Telegraph takeover by German buyer cleared by culture secretary
Culture Secretary Lisa Nandy cleared Axel Springer's £575 million takeover of the Telegraph on Wednesday, ending nearly three years of uncertainty. Nandy stated there are no grounds for further intervention regarding the deal, which is expected to enhance the Telegraph's editorial capabilities and expand its presence in the US. The transaction awaits regulatory approval in Ireland and Austria.
Summary by Glance · The Guardian Australia
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