Axel Springer’s Telegraph takeover given government green light Media The years-long saga over the Daily Telegraph’s ownership is poised to reach a conclusion, after the government announced it had approved Axel Springer’s offer for the broadsheet newspaper. The German publishing giant, which owns Politico, Business Insider and the Bild tabloid, said on Tuesday that Britain’s Department for Culture, Media and Sport had given it [...]
Exclusive: Liverpool and Telegraph owner RedBird working on NBA Europe Sport Business Telegraph Media Group owner and Liverpool FC investor RedBird Capital Partners is working with the NBA on its plans to launch a European basketball league, Morning Wire can reveal. RedBird, which also owns Italian football giants AC Milan, is playing a prominent role in wooing potential investors and partners in the venture at an exclusive [...]
Telegraph frontrunner has ‘high confidence’ in bid despite losing backer Media The frontrunner in the race to buy The Telegraph has maintained that his bid for the paper is still on track despite one of his key backers withdrawing its financial support. Dovid Efune, the British owner of the New York Sun, had entered exclusive talks to buy The Telegraph Media Group last month after trumping [...]