Springer makes offer for Daily Telegraph: sources

0 Comments | AFP, May, 2004

FRANKFURT (AFP) — The German newspaper publisher Axel Springer has made an offer to buy Britain's influential Daily Telegraph newspaper, informed sources here said.

A Springer spokeswoman refused to comment on the report, which came a day after the deadline for offers.

The source did not reveal how much Springer was willing to pay, saying only that press reports suggesting an offer of up to one billion euros (1.2 billion dollars) were "fantastical."

According to Friday's Frankfurter Allgemeine Zeitung daily, the publishing company has offered 740 million euros.

The source said Springer was not linking up with anyone else after reports that it might tie up with the US fund Hellman and Friedman.

However, the source did confirm that Springer...