German media tycoon to buy out conservative UK newspaper

Media powerhouse Axel Springer SE has moved to purchase Tory party-affiliated British newspaper The Telegraph

Germany’s Axel Springer SE, the owner of Bild, Politico, and Business Insider, has announced that it will buy out The Telegraph for £575 million ($771 million). The deal would unite two of Europe’s most influential conservative brands, and sink efforts from the owner of its tabloid rival, the Daily Mail, to purchase the center-right newspaper.