Overview
- DMGT said it has signed an exclusivity agreement with RedBird IMI to finalise terms and submit regulatory filings, which both sides expect to happen quickly.
- Culture Secretary Lisa Nandy will assess the bid under public interest and foreign state influence regimes, with further scrutiny by the CMA and Ofcom expected.
- DMGT pledged that the Telegraph would remain editorially independent and promised substantial investment to accelerate international growth with a focus on the United States.
- The company said the funding structure includes no foreign state investment or capital, asserting compliance with the UK’s Foreign State Influence rules.
- The agreement follows the collapse of a RedBird Capital-led offer earlier this month and comes after a two-year sale process that began when Lloyds seized the titles from the Barclay family in 2023.