Dale Vince Expresses Interest in Buying The Observer
The renewable energy tycoon offers to safeguard the newspaper's editorial independence if Tortoise Media's acquisition deal falters.
- Dale Vince, founder of green energy supplier Ecotricity, has confirmed his interest in purchasing The Observer from Guardian Media Group (GMG).
- Vince proposes holding The Observer in a trust to protect its editorial independence, similar to the current Scott Trust model.
- Tortoise Media, a digital media start-up led by former BBC News director James Harding, remains in exclusive negotiations to acquire the title, with a decision expected by Christmas.
- The proposed Tortoise deal has faced backlash from Observer staff, former editors, and union members, with a 48-hour strike planned next week to protest the sale process.
- GMG has stated that no other bids with substantive details, including Vince's, have been received beyond Tortoise Media's offer.