Daily Mail Owner Reaches £500M Deal for Telegraph, FT Says
Daily Mail & General Trust Plc has reached a £500 million ($655 million) agreement to acquire The Telegraph, days after the US private equity firm RedBird Capital Partners withdrew its...
By Angela Cullen · Bloomberg
Daily Mail & General Trust Plc has reached a £500 million ($655 million) agreement to acquire The Telegraph, days after the US private equity firm RedBird Capital Partners withdrew its offer to buy the right-leaning media organization, the Financial Times reported on Saturday, citing people it didn’t identify.