Axel Springer Acquires Britain's Daily Telegraph for £575 Million

London: The long-standing impasse over the ownership of Britain's influential and 170-year-old landmark newspaper The Daily Telegraph has finally ended. According to details released on Friday, European media giant Axel Springer has reached an agreement to buy The Telegraph for 575 million pounds (about $766 million or over ₹6,300 crore). છે.વૈશ્વિક Expanding its empire, Berlin-based publisher Axel Springer has been aggressively expanding its international empire for the past 11 years. After previously buying major media properties such as Politico and Business Insider, the British journalism firm has now been added to its portfolio. Axel Springer chief executive Matthias Doepfner expressed his delight at the deal, saying it is a privilege to own this institution of quality British journalism, and the છે.માલિકી controversy-ridden Telegraph newspaper will remain under The Telegraph's ownership until 2023, after its long history of right-wing politics and conservative party leanings.