Revealed: Axel Springer skipped due diligence before £575m Telegraph takeover
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Sources say German group may struggle to recoup its investment as titles shift to less profitable modelsAxel Springer did not complete due diligence on the Telegraph before sealing its £575m takeover, with sources saying the German media company could struggle to recoup its eye-watering investment as the titles shift toward less-profitable digital subscribers.To wrap up the deal quickly, Mathias Döpfner, the chief executive of Axel Springer, decided to forgo the usual extensive due diligence pro
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