Daily Mail Owner DMGT Strikes £500m Deal to Acquire The Telegraph

In a dramatic turn of events, Britain’s influential right-leaning newspaper The Telegraph is set to change hands after Daily Mail owner General Trust PLC (DMGT) agreed to buy the publication for around £500 million ($650 million). The deal comes just a week after U.S.-based investment firm RedBird Capital Partners withdrew from the bidding process, reportedly due to internal disputes among senior newsroom figures.

According to sources close to the negotiations, the agreed price reflects the amount spent by the RedBird-led consortium, ensuring continuity in financial terms. The transaction is now in its final stages, with parties entering exclusive talks to finalize conditions and prepare the necessary documentation. Approval from the Foreign Office is expected soon.

The sale marks a significant consolidation in Britain’s media landscape, bringing together two of the country’s most powerful outlets under one umbrella. While The Telegraph has declined to comment on the deal, industry observers note that the acquisition could reshape the balance of influence among the UK’s leading newspapers.