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Government backs Axel Springer Telegraph deal as Nandy waves through controversial takeover
The culture secretary has approved Axel Springer's £575 million takeover of the Telegraph, ending nearly three years of uncertainty over the ownership of the titles.
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Axel Springer acquires Telegraph Media Group for £575 million, preventing the Daily Mail from pursuing its UK newspaper acquisition
This follows on from the earlier agreement last year by Daily Mail and General Trust to purchase the Telegraph