The media company Axel Springer, the owner of Politico and Business Insider, has joined a rival bid for the Telegraph as a proposed £500m sale to the owner of the Daily Mail faces months of scrutiny from regulators.
Axel Springer, which also owns Europe’s highest-circulation newspaper, Bild, has joined a consortium led by Dovid Efune, the British owner of the New York Sun, who has been pursuing the Telegraph titles for more than a year.
