German media group Axel Springer has agreed to buy the owner of Britain’s Daily Telegraph newspaper for 575 million pound (USD 766 million), the companies announced Friday.The agreement ends a long saga over ownership of Telegraph Media Group, which publishes the 171-year-old Daily Telegraph and its Sunday sister paper.Axel Springer said it will invest in the group “to enable it to become the leading centre-right media outlet in the English-speaking world”.
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