The Guardian Australia – Business
·business
·2 hours ago
Revealed: Axel Springer skipped due diligence before £575m Telegraph takeover
Axel Springer completed a £575 million takeover of the Telegraph without due diligence, raising concerns about recouping its investment as revenues shift to less lucrative digital subscribers. The German media group outbid a previous £500 million deal with Lord Rothermere, but faces declining print and advertising revenue, which make up 61% of total revenues in 2024.
Summary by Glance · The Guardian Australia – Business
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