Axel Springer bought the British “Telegraph” for 575 million pounds

“After a long period of uncertainty, we can confirm that we will invest significantly in the editorial excellence and international growth of the newspaper,” he said. Dufner, who will personally take over the management of the “Telegraph’s” activity on the company’s board, clarified that the editorial decisions will remain in the hands of the chief editors, a principle he defined as “non-negotiable”.

The approval of the deal ends a particularly turbulent period in the newspaper’s history, which began in June 2023 when the British banking group Lloyds took it over due to enormous debts of approximately 1.2 billion pounds left by the Berkeley family, the previous owners. In an attempt to rescue the newspaper, a purchase deal was first formulated by the “Redbird IMI” fund, which received massive financial backing from the United Arab Emirates. However, the move provoked A public and political uproar in Britain, which eventually led to a legal ban on foreign ownership of newspapers in the kingdom and blocked the way of money from the Gulf.