Overview
- DMGT signed an agreement with RedBird IMI and entered an exclusivity period to acquire Telegraph Media Group for £500 million, with filings expected quickly.
- The Department for Culture, Media and Sport said Culture Secretary Lisa Nandy will review the deal under public‑interest and foreign‑state influence media merger regimes.
- Further assessment by the Competition and Markets Authority and Ofcom is expected because combining the Telegraph with DMGT’s Mail, Metro and i titles raises plurality and competition questions.
- DMGT said the funding structure contains no foreign state investment and pledged that the Telegraph would remain editorially independent from its other publications.
- The agreement follows the collapse of RedBird‑led bids after political and newsroom objections to foreign links, capping a sale process that began when Lloyds seized the papers in 2023.