The mastheads of the Daily Mail and Daily Telegraph newspapers as the Daily Mail and General Trust (DMGT) has agreed a £500 million deal to purchase the Telegraph from RedBird IMI. Picture date: Saturday November 22, 2025. Yui Mok/PA Images/Getty Images Reuters —

Daily Mail owner DMGT said on Saturday it had struck a 500 million pound ($650 million) deal to buy rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in Britain.

The deal comes a week after US-based private investment firm RedBird Capital Partners withdrew its bid for The Telegraph, one of Britain’s biggest newspapers.

A RedBird-IMI joint venture had acquired the Telegraph Media Group and The Spectator magazine in 2023, only for the then-government to inte

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