Saturday
The Daily Mail and General Trust (DMGT) has finalized a £500 million acquisition deal for The Daily Telegraph and The Sunday Telegraph newspapers from RedBird IMI. The purchase strengthens DMGT's position as a major right-leaning media group and awaits approval by UK Culture Secretary Lisa Nandy. Gerry Cardinale, founder of RedBird and owner of AC Milan, played a central role in the acquisition efforts before RedBird IMI withdrew amid UK regulation changes limiting foreign state ownership.

#UK

#London

#GerryCardinale

#TheDailyMail

#LisaNandy

#GeneralTrust

#DMGT

#TheDailyTelegraph

#TheSundayTelegraph

#RedBirdIMI

#RedBird

#ACMilan

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GerryCardinale

The Daily Mail and General Trust (DMGT) has finalized a £500 million acquisition deal for The Daily Telegraph and The Sunday Telegraph newspapers from RedBird IMI. The purchase strengthens DMGT's position as a major...

Sat