German Politico owner Axel Springer’s £575 million purchase of the Telegraph has been approved by the government. Culture Secretary Lisa Nandy said in a written Commons statement:
“In my quasi-judicial role I have assessed the proposed merger between Axel Springer and the Telegraph Media Group Holdings Ltd under the public interest media mergers regime and the foreign state influence regime as set out in the Enterprise Act 2002. I am currently not minded to intervene in this merger under either regime on the basis of the evidence available to me at this time. I am pleased to be able to take these positive steps, which give greater certainty to the Telegraph and its staff.”
Mathias Dopfner, Axel Springer CEO, said: “We are pleased to have received UK government approval to proceed with this acquisition. After a long period of uncertainty, we can confirm that we will invest significantly in The Telegraph’s editorial excellence and international growth.” New era…
Former leader of the SNP in Westminster Ian Blackford told Times Radio why he believes Nicola Sturgeon’s claim that she spent no time in the kitchen and therefore didn’t see any of her husband’s purchases:
“She doesn’t have a passion for cooking.”