Germany's Axel Springer to buy UK's Daily Telegraph for ₹7,000 cr

German media group Axel Springer has agreed to buy the owner of Britain's The Daily Telegraph for $770 million (over ₹7,000 crore), the companies announced on Friday. The deal ends a long saga over the ownership of Telegraph Media Group, which publishes the 171-year-old paper. Axel Springer said it will invest to make it the leading centre-right English-language media outlet.