UK to review Axel Springer's $767 million deal for Telegraph under media rules

LONDON, March ​9 (Reuters) - British culture minister Lisa Nandy said ​on ‌Monday she would assess ⁠German publisher Axel Springer's ⁠575 million ​pound ($767 million) deal to buy the Telegraph Media Group under Britain's ​public ‌interest and foreign state influence media mergers regime.

The deal gatecrashed a ​competing offer from Daily Mail ‌owner DMGT on Friday last week, which had ‌already been sent for regulatory scrutiny by Nandy.

"I will thoroughly ​assess the proposed new deal under ‌the public interest and foreign state influence media mergers regime, in ⁠my ⁠quasi-judicial role, as ‌set out in the Enterprise Act ​2002," ​Nandy said in ‌a written statement. ($1 = 0.7498 pounds) (Reporting by Sam Tabahriti; editing by Sarah Young)