Daily Mail owner DMGT said on Saturday it had struck a 500 million pound ($650 million) deal to buy rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in Britain.
The deal comes a week after U.S.-based private investment firm RedBird Capital Partners withdrew its bid for The Telegraph, one of Britain’s biggest newspapers.
A RedBird-IMI joint venture had acquired the
