Daily Mail owner DGMT signs £500 million deal to acquire The Telegraph, creating large rightwing UK media group

By AFP 22 November 2025, 12:04 pm

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A television journalist holds up a copy of The Daily Mail newspaper, leading with the story of the resignation of Boris Johns as leader of Britain's Conservative Party, as they work outside 10 Downing Street, the official residence of Britain's Prime Minister, in central London on July 8, 2022. (Photo by CARLOS JASSO / AFP)

The owner of the UK tabloid Daily Mail struck a £500 million ($654 million) with US-Emirati consortium RedBird IMI for the purchase of The Telegraph newspaper, The Daily Mail and General Trust said Saturday.

“DMGT has signed an agreement with Redbird IMI over the acquisition of the Telegraph Media Group at a valuation of £500 million”, DGMT said in a press release sent to AFP.

The DGMT’s potential purchase of its rival 170-year-old newspaper could make it one of the biggest right-leaning media groups in the UK.