Axel Springer buys Telegraph in £575m deal

Media firm Axel Springer has agreed to buy the Telegraph Media Group in a £575 million deal, the companies have announced. NewsMediaAxel Springer buys Telegraph in £575m dealAlbert Toth Friday 06 March 2026 12:41 GMTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popoverYour support helps us to tell the storyRead moreSupport NowFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreMedia firm Axel Springer has agreed to buy the Telegraph Media Group in a £575 million deal, the companies have announced.The media company, which also owns Politico and Business Insider, is understood to have agreed the all-cash deal for the Daily Telegraph and Sunday Telegraph.Daily Mail and General Trust (DMGT) had previously agreed a £500 million deal to buy The Telegraph last year.However, Abu Dhabi-backed consortium RedBird IMI said it now plans to sell the business to the Germany-based owner.RedBird IMI is having to sell the business after its own takeover move was blocked by the then-Tory government over foreign ownership concerns.Axel Springer chief executive Mathias Dopfner said: “More than 20 years ago, we tried to acquire The Telegraph and did not succeed. Now our dream comes true.“To be the owner of this institution of quality British journalism is a privilege and a duty.“We want to grow The Telegraph, while preserving its distinctive character and legacy, to help it become the most read and intellectually inspiring centre-right media outlet in the English-speaking world.“The Telegraph stands for freedom, personal responsibility, democratic values and a belief in open societies and market economies.”Axel Springer also owns Bild, Europe’s largest newspaper, and daily newspaper Die Welt. It is based in German capital Berlin.This is a breaking news story, more to follow...Join our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesCommentsMost popularPopular videosBulletinRead next