(March 6): German media group Axel Springer SE has agreed to buy UK newspaper publisher Telegraph Media Group for £575 million (RM3.02 billion) in cash, torpedoing a rival bid from Daily Mail & General Trust plc. The Daily Mail owner reached a deal to buy the Telegraph group in November, after US private equity firm RedBird Capital Partners withdrew its offer amid backlash from the newspaper’s own staff. However, the £500 million bid by the Daily Mail owner dragged on after the Labour government triggered regulatory probes into the proposed deal last month. Döpfner has been on a dealmaking spree in the past few years in an attempt to transform Axel Springer into a global media powerhouse. Longtime partner KKR & Co bought Springer’s classified ads unit, a money engine for years, for about €10 billion (RM45.71 billion) last year.

Source: The Edge Markets March 06, 2026 13:15 UTC