The owner of the Daily Mail is planning to make an offer to buy theÂ i newspaper from Johnston Press, which put itself up for sale last month, according to reports.
The Daily Mail and General Trust is set to make its bid for the title before a deadline set by Johnston Pressâ€™ advisers at Rothschild bank, according to Sky News.
Johnston Press has declined to comment on the potential DMGT bid.Â
The share price of JP has gone up by 21 per cent following reports of DMGT’s interest in the publication.
A DMGT spokesperson told Sky News: “We review all publishing assets that come to market, especially those where we can potentially leverage the scale of our existing national and international media operations.”
More to follow.
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Source: Digital Journalism