Axel Springer acquires The Telegraph in £575 million landmark deal
Axel Springer, the media giant led by George Springer, has bought The Telegraph Media Group for £575 million in cash. The deal, also confirmed by both companies on Monday, transfers one of Britain's oldest newspapers into German ownership after years of pursuit by the media giant. The takeover follows a long history of interest from Axel Springer. CEO Mathias Döpfner revealed that the company first tried to buy The Telegraph over 20 years ago. Early attempts in 2004 and again around 2008-2009 failed, but by 2023, Axel Springer secured a 45% stake through RedBird Capital. Full control was achieved by 2025. Under recent ownership, The Telegraph's editorial line has shifted further right. Its stance has grown more explicitly populist, pro-Brexit, and critical of Labour governments since 2024. The paper has also amplified anti-woke and libertarian viewpoints in its coverage. Axel Springer now plans to expand The Telegraph's global reach. The goal is to establish it as the leading center-right media brand in the English-speaking world. The company has stressed its commitment to strengthening the group's international presence. The £575 million deal marks a major change for The Telegraph after decades of British ownership. With Axel Springer at the helm, the newspaper is set to push further into right-leaning markets. The acquisition also solidifies the German publisher's position in global media.
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