Axel Springer Purchases The Telegraph for $770 Million [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
Viva Technology, the biggest tech show in Europe but also in a unique digital format, for 4 days of reconnection and relaunch thanks to innovation. The event brings together startups, CEOs, investors, tech leaders and all of the digital transformation players who are shaping the future of the Internet. The annual technology conference, also known as VivaTech, was founded in 2016 by Publicis Groupe and Groupe Les Echos and is dedicated to promoting innovation and startups. (Credit: Chesnot/Getty Images) Axel Springer, the German media conglomerate whose U.S. assets include Politico and Business Insider, said on Friday it had purchased U.K. newspaper The Telegraph for roughly $770 million (£575 million) in cash, wresting it away from Daily Mail owner Lord Rothermere. The purchase brings an end to years of uncertainty for the conservative British paper, which has had several suitors in recent years. RedBird IMI, the private equity group that was forced to abandon its bid to buy the n
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