Axel Springer interested in Telegraph titles
  • Axel Springer is a German multinational mass media company owning Bild, Business Insider, Insider and Polico among other publications.
  • Telegraph Media Group is the owner of The Daily Telegraph and The Sunday Telegraph.
  • The media assets are up for sale after Lloyds banking Group put them up for sale.

Axel Springer has expressed interest in acquiring the Telegraph in an auction for the media assets owned by the Telegraph Media Group which include The Daily Telegraph and The Sunday Telegraph according to Sky News.

The presence of Axel Springer, which owns Business Insider and Politico could initiate a bidding war with DMGT, owner of the Daily Mail and Sir Paul Marshall, co-owner of GB News among other parties.

The Barclay family who owned the media assets, owed Bank of Scotland loans dating back before the financial crisis and with the bank account by the Lloyds Banking Group, the parent company was seized and placed in the hands of receivers for auctioning to recover the loans due.

Axel Springer had tried to buy the Telegraph titles back in 2004 only to lose out to the Barclays and also recently lost  the bidding war for the Financial Times to Nikkei in 2014.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Bank of England Governor Acknowledges Market Expectations on Rate Cuts

Bank of England Governor Andrew Bailey indicated on Thursday that the financial…

Market Momentum and Bargain Opportunities: Top Stocks to Consider Amidst the Rally

The recent quarter has seen an impressive winning streak for the stock…

The impact of geopolitical turmoil on stocks

The most recent episode in the enduring saga of military clashes in…

An in-depth analysis of various financial instruments

Stocks, the stalwarts of financial markets, represent ownership in a company. Investors…