By bizn_fun 
The publisher of the Daily Mail has agreed to buy the Daily and Sunday Telegraph for £500m.
The Daily Mail and General Trust (DMGT) said it had entered a period of discussion with RedBird IMI, which is a joint venture between the United Arab Emirates and the US private equity firm RedBird Capital Partners.
RedBird Capital’s own bid for control of the Telegraph collapsed last week amid continuing concerns over potential foreign state influence.
The deal needs to be signed off by Culture Secretary Lisa Nandy. A spokesperson said Nandy would “review any new buyer acquiring the Telegraph in line with the public interest and foreign state influence media mergers regimes”.