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
International News via Reuters:
British culture minister Lisa Nandy said on Monday she would assess Germany 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
