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The Guardian - UK

Business

Kalyeena Makortoff

Daily Mail owner secures funding for £500m takeover of Telegraph

Mail Dovid Efune DMGT RedBird IMI

Unsold copies of the Daily Telegraph a newsagent shop in October 2025 in Bath, — Lord Rothermere’s Daily Mail and General Trust has agreed to pay £500m in two instalments, according to reports. Photograph: Matt Cardy/Getty Images

The owner of the Daily Mail has secured funding for a £500m takeover of the Telegraph, in a crucial development that paves the way for the group to announce the terms of its acquisition on Monday.

Lord Rothermere’s Daily Mail and General Trust (DMGT) has agreed to pay the sum in two instalments, according to weekend reports. An initial payment of £400m will be funded by an increase in the group’s debt with its longstanding lender NatWest and existing company cash.

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