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Axel Springer agrees to buy Telegraph Media Group in £575m deal

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Axel Springer agrees to buy Telegraph Media Group in £575m deal


The group paid off a £600m loan to Lloyds, effectively gaining control of TMG, but its bid for ownership was initially rebuffed by the previous Conservative government as it was majority funded by Abu Dhabi’s IMI group, which is owned by the Abu Dhabi royal family.



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