Germany’s Axel Springer has expressed interest in buying the Telegraph Media Group, becoming the latest in a series of international investors to line up to bid for the UK publisher.
The Berlin-based media company has “registered interest” with bankers managing the sale of the parent company of The Daily Telegraph, Sunday Telegraph and The Spectator magazine, according to a person familiar with its plans.
Axel Springer, which owns Die Welt and Bild newspapers, is keen to expand beyond the German-speaking media world under the leadership of Mathias Döpfner. It came close to buying the Financial Times in 2015 and bought Politico, the political news website, in 2021.
Read the full story on the Financial Times here.