LONDON: German media group Axel Springer said on Friday it had agreed to buy right-wing British newspaper The Telegraph in a surprise move, as the UK government investigates a rival bid.
The German group, which already owns tabloid Bild, the Welt broadsheet and Politico news outlet, said in a statement it would pay £575 million ($766 million) in cash for the title, which comprises daily print and online versions. Britain´s government last month launched an investigation into an agreed sale to the owner of the Daily Mail, a rival right-wing publication, citing competition concerns.
