The mastheads of the Daily Mail and Daily Telegraph newspapers as the Daily Mail and General Trust has agreed a £500m deal to purchase the Telegraph from RedBird IMI. Photograph: Yui Mok/PA WireDaily Mail owner DMGT said on Saturday it has struck a £500 million (€568 million) deal to buy the rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in Britain. The deal comes a week after US-based private investment firm RedBird Capital Partners withdrew its bid for the Telegraph, one of Britain’s biggest newspapers. A source close to RedBird told Reuters that sustained internal opposition from senior figures within the Telegraph newsroom had prompted it to walk away. A spokesman for RedBird IMI said: “DMGT and RedBird IMI have worked swiftly to reach the agreement announced today, which will shortly be submitted to the Secretary of State.” – Reuters

Source: The Irish Times November 22, 2025 14:34 UTC