DEVELOPING: Daily Mail Owner Set to Acquire Daily Telegraph in £500m Deal

Breaking News: Daily Mail Owner to Acquire Daily Telegraph in £500m Deal The Daily Mail and General Trust (DMGT) has agreed to buy the Daily and Sunday Telegraph for £500m, in a deal expected to be finalized quickly. The acquisition is subject to approval from Culture Secretary Lisa Nandy. DMGT chairman Lord Rothermere said the deal will give "much-needed certainty and confidence" to Telegraph employees. He praised the newspaper's history and its role in shaping Britain's national debate. Under DMGT ownership, the Telegraph will become a global brand, similar to the Daily Mail. The Telegraph was put up for sale by RedBird IMI in the spring. DMGT has entered a period of discussion with RedBird, and the two parties are working towards a swift conclusion. The deal will need to be signed off by Culture Secretary Lisa Nandy, who will review it in line with public interest and foreign state influence media mergers regimes. This is a developing story, and we will provide updates as more information becomes available.