Commons Sense

House of Commons · Written Ministerial Statement

Proposed sale of the Telegraph to Axel Springer update

14 April 2026 · Department for Culture, Media and Sport

Proposed by Lisa Nandy Lab Wigan

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The minister has given written consent for RB Investco Ltd to sell its call option under the 2024 Order.
  • The merger between the Telegraph Media Group Holdings Limited and Axel Springer SE has been assessed by the minister.
  • No intervention is deemed necessary by the minister based on the current evidence available.

Issue summary

The statement addresses the proposed sale of the Telegraph Media Group Holdings Limited to Axel Springer SE.

Action requested

The minister has provided written consent for RB Investco Ltd to sell its call option under the 2024 Order and assessed the merger without intervening based on current evidence, providing greater certainty to the Telegraph and its staff.

Key facts

  • RB Investco Ltd intends to sell its call option to purchase the Telegraph Media Group Holdings Limited to Axel Springer SE.
  • The minister gave written consent under the Public Interest Merger Reference (Telegraph Media Group Limited) (Pre-emptive Action) Order 2024 for the sale.
  • The merger is assessed under the public interest media mergers regime and foreign state influence regime without current intervention.
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