The owner of the British tabloid Daily Mail signed an agreement to acquire its competitor Telegraph for 500 million pounds sterling (about 655 million dollars), announced the weekend the editor in a fact sheet.
This acquisition, if completed, could create one of the largest right-wing media groups in the United Kingdom.
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The American fund Redbird was going to take control of this historic conservative newspaper, but eight days ago the group withdrew the offer presented at the end of May.
“DMGT signed an agreement with Redbird IMI regarding the £500 million acquisition of Telegraph Media Group,” DMGT said in a statement. sent to AFP.
The parties hope to finalize the terms of the transaction “quickly,” the group added.
This acquisition would ensure that the newspaper can “sustainably prosper on the world stage,” stood out.
Owned since 2004 by the wealthy Barclay family, the newspaper founded 170 years ago had been officially put up for sale at the end of 2023 by the Lloyds bank to settle important debts.