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The Independent UK

World

Danica Kirka

Britain's Daily Mail publisher enters exclusive talks to buy Telegraph Media Group for $654 million

Daily Mail Telegraph Media Group Britain Conservative Party Culture Daily Telegraph

The publisher of Britain's Daily Mail has entered exclusive talks to buy Telegraph Media Group in a deal that would link two news groups that have traditionally supported the right-leaning Conservative Party.

Daily Mail and General Trust plc said on Saturday that the talks were designed to finalize the terms of a 500 million-pound ($654-million) deal to buy the Telegraph from an Abu Dhabi-backed venture known as Redbird IMI.

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