Daily Mail to acquire rival The Telegraph in ₹5,800-crore deal
Daily Mail owner DMGT on Saturday said it has struck a £500-million (over ₹5,800 crore) deal to buy rival newspaper The Telegraph. The merger is expected to create one of the most powerful right-leaning media groups in UK. The deal is likely to prompt an in-depth investigation by UK competition regulator. The stakeholders expect the deal to be finalised "quickly".