Daily Mail reaches £500m deal to buy Daily Telegraph

Daily Mail and General Trust (DMGT) said it has entered formal discussions with RedBird IMI

by e4m Desk
Published: Nov 23, 2025 9:03 AM | 1 min read

Daily Mail reaches £500m deal to buy Daily Telegraph

The publisher of the Daily Mail has agreed to acquire the Daily Telegraph and Sunday Telegraph for £500m ending years of uncertainty over the future of the prestigious broadsheets.

Daily Mail and General Trust (DMGT) said it has entered formal discussions with RedBird IMI — a joint venture backed by the United Arab Emirates and US private equity firm RedBird Capital Partners — to finalise the transaction. RedBird Capital’s own attempt to take control of the Telegraph titles collapsed last week.

As per media reports, the deal would require approval from Culture Secretary Lisa Nandy. A spokesperson said she would “review any new buyer acquiring the Telegraph in line with the public interest and foreign state influence media mergers regimes”.

Dame Caroline Dineage, chair of the House of Commons Culture, Media and Sport Committee, welcomed the move but warned that “media plurality” must be protected. “This situation has been unsustainable for the business and unsettling for staff,” she said, urging the government to set out its position next week.

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