Jul 12, 2021
Daily Mail: Rothermere family considers bid to take news group private
The Rothermere family is considering making an £810m bid to take the owner of the Daily Mail news group private. A formal offer is dependent on the Daily Mail and General Trust selling its insurance and Cazoo financial arms. A DMGT statement said the directors "Were minded" to accept the Rothermere's offer. The family already own about 28% of DMGT, which traces its roots to 1896 when the Daily Mail was launched by Harold and Alfred Harmsworth. In March, online car seller Cazoo Holdings, in which DMGT has a stake of around 20%, agreed to go public in New York through a merger with a blank-check acquisition company - a so-called Spac - which is expected to provide DMGT with cash and shares worth more than $1bn.The DMGT owns the Metro and i news operations, and also Daily Mail online.
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