Daily Mail Publisher Agrees to Buy Daily Telegraph for £500m
The publisher of the Daily Mail, DMGT, has agreed to acquire the Daily and Sunday Telegraph for £500 million. This comes after discussions with RedBird IMI, a joint venture between the UAE and US private equity firm RedBird Capital, whose previous bid collapsed. Culture Secretary Lisa Nandy will review the deal to ensure it aligns with public interest regulations. Having faced uncertainty for over two years, the Telegraph aims for a swift resolution. DMGT chairman Lord Rothermere expressed admiration for the Daily Telegraph, promising editorial independence and a commitment to set it on a global stage.