8legs: Daily mail & general trust

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Culture secretary to consider investigation into Telegraph takeover by Daily Mail owner

Culture secretary to assess whether to trigger a public interest intervention over the Telegraph takeover by DMGT.
RedBird IMI seeks to transfer its right-to-buy option to DMGT as part of the deal process.
DMGT confirms funding package and aims to proceed toward resolution with Telegraph staff in mind.
Deal would unite Telegraph titles with Daily Mail brands under DMGT ownership.
Ofcom and CMA potential review if PIIN is invoked, with up to 40 working days in Phase 1.
Editorial independence promised; government aims for certainty amid staffing changes.
RedBird IMI says the sale followed government restrictions on foreign ownership of UK papers.
DMGT finalizes funding package including cash and a DMGT bond maturing in 2027.
Analysts see strong clearance potential but expect scrutiny and possible remedies.

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