DMGT contacts Lloyds Banking Group ahead of expected auction
The owner of The Daily Mail has confirmed its interest in a takeover of The Telegraph, which is to be put up for sale by Lloyds Banking Group.
The publisher, owned by Jonathan Harmsworth, Lord Rothermere, said on Saturday it had contacted the bank to express interest ahead of an expected auction.
A DMGT spokesman said: “We have been engaged with many parties over the possible synergies between DMG Media and the Daily Telegraph and have registered our interest with Lloyds [Banking Group] but we have no formal plans and there is no consortium.”
This is the first public confirmation of DMGT’s interest in The Telegraph since Lloyds took ownership of the newspaper in June.