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Trinity Mirror eyes Richard Desmond's Northern & Shell assets | Trinity Mirror eyes Richard Desmond's Northern & Shell assets |
(35 minutes later) | |
Trinity Mirror - the owner and publisher of the Daily Mirror and the Sunday Mirror - has said it is considering a bid for certain Northern & Shell assets. | Trinity Mirror - the owner and publisher of the Daily Mirror and the Sunday Mirror - has said it is considering a bid for certain Northern & Shell assets. |
The confirmation follows a media report suggesting Trinity Mirror could buy the Daily Express newspaper. | The confirmation follows a media report suggesting Trinity Mirror could buy the Daily Express newspaper. |
Trinity said it was at an early stage of evaluating assets, and there was no certainty a deal would be reached. | Trinity said it was at an early stage of evaluating assets, and there was no certainty a deal would be reached. |
Northern & Shell is owned by businessman Richard Desmond. | Northern & Shell is owned by businessman Richard Desmond. |
"The board of Trinity Mirror notes the recent media speculation and confirms that it is at an early stage of evaluating certain of Northern & Shell's assets," the firm said in a statement. | |
The Times newspaper reported on Tuesday that Trinity Mirror was in talks with Mr Desmond about buying the Daily Express. | |
How far the talks have progressed is unclear as yet, but the Times reported that Mr Desmond could stand to gain up to £100m should the sale go ahead. | |
It is also unclear whether Trinity Mirror would also make a bid for the Daily Star newspaper. | |
Trinity Mirror shares rose more than 2% following the announcement. | |
Northern & Shell newspaper titles include the Daily Express, the Sunday Express, the Daily Star and the Daily Star Sunday. Magazine titles it owns include OK! |
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