Axel Springer hasn't formally started bid for UK's Telegraph - sources
30/09/2023 13:07
Sept 30 (Reuters) - German publisher Axel Springer has
not formally started a process to bid for British broadsheets
the Daily Telegraph and Sunday Telegraph, sources close to the
matter told Reuters on Saturday, after a media report said it
had registered an interest.
The process to possibly bid for the two Telegraph titles, in
an auction which comes after the group fell into the hands of
receivers this summer, is at an early stage, people familiar
with the matter told Reuters on Saturday, declining further
comment.
Axel Springer declined to comment on the Sky News report,
which cited unnamed insiders familiar with the matter as saying
it had notified Goldman Sachs GS.N of its desire to
participate in the auction of the Telegraph group titles.
Several groups have already registered their interest in
bidding for the Telegraph group, including British publisher
National World NWOR.L , Reuters reported earlier this month,
citing people familiar with the matter.
Axel Springer owns top-selling German tabloids Bild and
Welt, as well as U.S. political news website Politico and the
jobs advertising portal StepStone.
The Telegraph group also includes British political weekly
The Spectator. Sky said it was not clear if Axel Springer was
also potentially interested in this title too.
(Reporting by Maria Martinez and Gursimran Kaur; Editing by
Alexander Smith and David Holmes)
((GursimranKaur.Mehar@thomsonreuters.com;))