European media firm Axel Springer has agreed to purchase the Telegraph Media Group (TMG) in a deal costing £575m. The deal trumps the £500m takeover proposed late last year by the Daily Mail and General Trust (DMGT) – the government had ordered an investigation into that deal on public interest and competition grounds. TMG owns [...] The post Axel Springer agrees to buy Telegraph Media Group in £575m deal appeared first on Kahawatungu .