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  • Daily Mail owner seals £500m deal for The Telegraph

    Media

    Daily Mail owner DMGT has struck a £500m deal to buy the Telegraph Media Group, drawing a line under one of the most drawn-out and politically fraught takeover battles in the British press. The publisher has entered an exclusive period of talks with RedBird IMI, the Abu Dhabi-linked fund whose own attempt to buy the [...]

    Hosking has been working with the owner of the New York Sun to gain control of the Telegraph for months.

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