Particle.news
Download on the App Store

DMGT Agrees £500 Million Deal to Buy The Telegraph From RedBird IMI

The prospective sale will be submitted for a public-interest review by the culture secretary.

Overview

  • DMGT and RedBird IMI say they are in exclusive talks and expect to file regulatory submissions quickly.
  • The Daily Mail owner says the Telegraph would remain editorially independent from its other titles.
  • Chairman Lord Rothermere pledges investment in the newsroom, backing editor Chris Evans and targeting international growth with a focus on the US.
  • The Department for Culture, Media and Sport says Lisa Nandy will review the transaction under public interest and foreign state influence regimes.
  • The agreement follows the collapse of an Abu Dhabi‑backed RedBird bid two weeks ago after the firm had taken on the Telegraph’s debt during a sale process that began with Lloyds’ 2023 seizure.