THENATIONALPULSE (Pulse Wires) - POLITICO’s German Giant Owner in Stunning $770M Raid of Right-Leaning Telegraph.
PULSE POINTS WHAT HAPPENED: Axel Springer, the German publisher behind U.S. liberal media powerhouse POLITICO, has acquired The Telegraph for £575 million, disrupting a planned takeover by Lord Rothermere, owner of The Daily Mail. WHO WAS INVOLVED: Axel Springer, Mathias Döpfner, The Telegraph, RedBird IMI, Lord Rothermere, and the Barclay family. WHEN & WHERE: The […] The post POLITICO’s German Giant Owner in Stunning $770M Raid of Right-Leaning Telegraph. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: Axel Springer, the German publisher behind U.S. liberal media powerhouse POLITICO, has acquired The Telegraph for £575 million, disrupting a planned takeover by Lord Rothermere, owner of The Daily Mail. WHO WAS INVOLVED: Axel Springer, Mathias Döpfner, The Telegraph, RedBird IMI, Lord Rothermere, and the Barclay family. WHEN & WHERE: The acquisition was announced on March 6, impacting the global media landscape. KEY QUOTE: “Now our dream comes true. To be the owner of this institution of quality British journalism is a privilege and a duty.” – Mathias Döpfner IMPACT: The acquisition marks Axel Springer’s largest move into the UK market, with potential implications for media plurality and public…Open