Axel Springer regroups after failing in two headline media deals

axel_springer_logoFirst, Axel Springer was outbid in an auction to buy the FT Group, owner of the Financial Times, just as it had lost out in the sale of another British newspaper, the Daily Telegraph, in 2004. Second, talks with German broadcaster ProSiebenSat. 1 about a possible merger broke down, even before the country’s competition authorities could decide whether to block the deal, as they had when a combination was first explored in 2006.

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