Freshfields is advising Axel Springer on its acquisition of the Telegraph Media Group (TMG), with Gibson Dunn advising TMG owners RedBird IMI on the deal.
Valued at £575m, the deal sees German-based media group Axel Springer take ownership of the Telegraph from RedBird IMI, a joint venture between private equity firm Red Bird Capital Partners and Abu Dhabi-based investment company International Media Investments (IMI).
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