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Britain's Daily Mail publisher enters exclusive talks to buy Telegraph Media Group for USD 654 million
The Economic Times· 2025-11-22 13:23
Core Viewpoint - The Daily Mail's publisher, Daily Mail and General Trust plc, is in exclusive talks to acquire Telegraph Media Group for £500 million (approximately USD 654 million), following previous concerns regarding foreign ownership of British news organizations [6]. Group 1: Ownership and Acquisition - The acquisition aims to link two right-leaning news groups, the Daily Mail and the Telegraph, which have historically supported the Conservative Party [6]. - The proposed deal comes after RedBird IMI's previous attempt to acquire the Telegraph was stalled due to concerns over foreign influence in British media [6][4]. - The ownership transition is expected to enhance the Telegraph's global brand presence, similar to that of the Daily Mail [3][6]. Group 2: Historical Context - The ownership battle for the Telegraph began in 2023 when the Barclay family lost control of the company amid disputes with lenders [4]. - In November 2023, RedBird Capital and Abu Dhabi's International Media Investments announced an agreement to acquire the Telegraph, which raised concerns in the House of Commons regarding foreign influence on national media [4][5]. Group 3: Government Response - The previous government, under Prime Minister Rishi Sunak, initiated a review of the proposed acquisition due to concerns about foreign state interference in media [5]. - The current Culture Secretary, Lisa Nandy, has stated that any new acquisition will be reviewed to ensure it aligns with public interest and legislation regarding foreign influence in media mergers [6].