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

Breaking News: Daily Mail Owner Set 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 that needs to be signed off by Culture Secretary Lisa Nandy. This comes after RedBird Capital's own bid for control of the Telegraph collapsed last week. The acquisition is expected to give much-needed certainty and confidence to Telegraph employees, according to DMGT chairman Lord Rothermere. He has long admired the Daily Telegraph, describing it as Britain's largest and best quality broadsheet newspaper. The deal marks a significant development in the UK media landscape, with the Telegraph being one of the country's most respected newspapers. The acquisition is expected to be finalised quickly, pending approval from the Culture Secretary. Lord Rothermere's comments suggest a positive outlook for the Telegraph's future under DMGT ownership. However, the deal will also be subject to review by the Culture Secretary, who will assess whether it is in the public interest and complies with foreign state influence media mergers regimes. This is a developing story, with further updates expected as more information becomes available.