{"id":587840,"date":"2025-11-23T01:45:24","date_gmt":"2025-11-23T01:45:24","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/587840\/"},"modified":"2025-11-23T01:45:24","modified_gmt":"2025-11-23T01:45:24","slug":"655m-proposal-would-unite-british-media-rivals","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/587840\/","title":{"rendered":"$655M proposal would unite British media rivals"},"content":{"rendered":"<p>A proposed $655 million offer to buy The Daily Telegraph newspaper made by U.K.-based Daily Mail and General Trust in November awaits the okay from British regulators. Photo by Andy Rain Illustration\/EPA<\/p>\n<p>Nov. 22 (UPI) &#8212; Two of the United Kingdom&#8217;s largest media outlets and traditional competing newspapers would unite under a proposed $655 million sale.<\/p>\n<p>Publisher Daily Mail and General Trust announced it has begun negotiations with RedBird IMI to buy the Daily and Sunday Telegraph newspapers for $655 million\n<\/p>\n<p>RedBird IMI is a joint venture between U.S.-based RedBird Capital Partners and the United Arab Emirates-based IMI.<\/p>\n<p>&#8220;The Daily Telegraph is Britain&#8217;s largest and best quality broadsheet newspaper, and I have grown up respecting it,&#8221; DMGT Chairman Jonathan Rothermere said in a statement shared with <a href=\"https:\/\/www.nytimes.com\/2025\/11\/22\/business\/dealbook\/telegraph-daily-mail.html\" target=\"_blank\" rel=\"noopener\">The New York Times<\/a>.\n<\/p>\n<p>&#8220;It has a remarkable history and has played a vital role in shaping Britain&#8217;s national debate over many decades,&#8221; Rothermere added.<\/p>\n<p>Any agreement would require the approval of Britain&#8217;s Culture Secretary Lisa Nandy to ensure the proposed buyer fulfills &#8220;the public interest&#8221; and prevents &#8220;foreign state influence&#8221; of media, <a href=\"https:\/\/www.bbc.com\/news\/articles\/cx2eg1w0n81o\" target=\"_blank\" rel=\"noopener\">the BBC reported<\/a>.<\/p>\n<p>Such scrutiny prompted U.S.-based RedBird Capital Partners to withdraw a prior offer to buy the news outlet outright.<\/p>\n<p>RedBIrd IMI acquired a tangible interest in the newspaper when the Barclay family announced it was for sale amid financial problems in 2023, according to <a href=\"https:\/\/www.wsj.com\/business\/media\/owner-of-u-k-s-daily-mail-nears-deal-to-buy-rival-daily-telegraph-b8661d63\" target=\"_blank\" rel=\"noopener\">The Washington Post<\/a>.\n<\/p>\n<p>RedBird IMI arranged a debt deal with the Barclays that gave it the inside track on buying The Daily Telegraph and sister publication the Spectator.<\/p>\n<p>The British government blocked the sale, though, partly due to concerns of foreign influence by UAE-based IMI.<\/p>\n<p>RedBird IMI then sold the Spectator to British hedge-fund owner Paul Marshall in 2024, but a potential sale of The Daily Telegraph to New York Sun publisher Dovid Efune did not materialize.<\/p>\n<p>RedBird Capital then tried to buy the newspaper with the help of a minority investor from Britain, while limiting IMI to a 15% ownership stake.<\/p>\n<p>RedBird withdrew that plan in October and now has its hopes pinned on the proposed $655 million deal with DMGT.<\/p>\n","protected":false},"excerpt":{"rendered":"A proposed $655 million offer to buy The Daily Telegraph newspaper made by U.K.-based Daily Mail and General&hellip;\n","protected":false},"author":2,"featured_media":587841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5018,3,4],"tags":[748,51,393,4884,1144,712,2582,16,15,1764,26],"class_list":{"0":"post-587840","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-britain","8":"category-uk","9":"category-united-kingdom","10":"tag-britain","11":"tag-business","12":"tag-england","13":"tag-great-britain","14":"tag-northern-ireland","15":"tag-scotland","16":"tag-top-news","17":"tag-uk","18":"tag-united-kingdom","19":"tag-wales","20":"tag-world"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115596487817593663","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/587840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=587840"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/587840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/587841"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=587840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=587840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=587840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}