Acquisition likely to trigger in-depth investigation by regulator after agreement between DMGT and Redbird IMI
The owner of the Daily Mail has struck a £500m deal to buy the Telegraph titles, in a move that will create a right-leaning publishing powerhouse.
Lord Rothermere’s Daily Mail & General Trust (DMGT) has entered a period of exclusivity with RedBird IMI, which has been seeking a buyer since being forced to put the papers up for sale last Spring, to finalise the terms of the transaction.
The two parties say that they expect this process to “happen quickly”, however the deal is likely to trigger an in-depth investigation by the UK competition regulator.
DMGT, which owns a stable of titles including the Metro, the I and New Scientist, already handles the advertising contract for the Telegraph titles.
