Axel Springer’s acquisition of The Telegraph will complete today (Tuesday, June 30), ending “three difficult years” without an owner for the U.K. national newspaper.
The £575m deal was announced in March and has now received all the required regulatory approvals in the U.K., Ireland and Austria.
Axel Springer pledged to “further strengthen” The Telegraph’s commercial and subscription businesses and expand its events and premium offerings.
It added that it would preserve The Telegraph’s “editorial independence and integrity” and British identity.
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