Published by Global Banking & Finance Review®
Posted on March 9, 2026
1 min readLast updated: March 9, 2026
Add as preferred source on GoogleUK Culture Secretary Lisa Nandy confirmed she will review Axel Springer’s £575 million ($767 million) takeover of Telegraph Media Group under the public interest and Foreign State Influence media mergers regime, after it overtook a rival £500 million bid from DMGT.
(Corrects capitalization in "Springer's" in headline)
LONDON, March 9 (Reuters) - British culture minister Lisa Nandy said on Monday she would assess German publisher Axel Springer's 575 million pound ($767 million) deal to buy the Telegraph Media Group under Britain's public interest and foreign state influence media mergers regime.
The deal gatecrashed a competing offer from Daily Mail owner DMGT on Friday last week, which had already been sent for regulatory scrutiny by Nandy.
"I will thoroughly assess the proposed new deal under the public interest and foreign state influence media mergers regime, in my quasi-judicial role, as set out in the Enterprise Act 2002," Nandy said in a written statement.
($1 = 0.7498 pounds)
(Reporting by Sam Tabahriti; editing by Sarah Young)
British culture minister Lisa Nandy is assessing the Axel Springer acquisition under UK media rules.
The deal is valued at 575 million pounds, equivalent to approximately $767 million.
The acquisition will be reviewed under Britain's public interest and foreign state influence media mergers regime.
Daily Mail owner DMGT had already sent a competing offer for regulatory scrutiny earlier.
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