Two of the United Kingdom's largest media outlets and traditional competing newspapers would unite under a proposed $655 million sale.

Acquisition likely to trigger in-depth investigation by regulator after agreement between DMGT and Redbird IMI

DMGT has now entered exclusive talks to purchase the historic broadsheet

The publisher of the Daily Mail says it is in talks to buy the Daily and Sunday Telegraph for £500m.

Two of the United Kingdom's largest media outlets and traditional competing newspapers would unite under a proposed $655 million sale.