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Announced

RCL to acquire the remaining 71.9% stake in Daily Mail and General Trust for $530m.

Financials

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Transaction Value£380m
Consideration TypeCash
Capital Owned28%
Capital Bid For72%
EV/Sales2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Majority

Single Bidder

Friendly

United Kingdom

Media Agencies

risk management

information

publishing

media

Media

Public

Pending

Acquisition

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Synopsis

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RCL, a holding company, agrees to acquire the remaining 71.9% stake in Daily Mail and General Trust, a media company, for $530m. DMGT provides businesses and consumers with compelling information, analysis, insight, events, news, and entertainment. On November 2, 2021, The Rothermeres have time until November 25 to make a firm offer to buy DMGT via their vehicle Rothermere Continuation or walk away. On November 4, 2021, Rothermere family agree deal to take Daily Mail publisher private. On December 2, 2021, RCL increased its offer to $3.6 per share. On December 16, 2021, Rothermere family won battle to take Daily Mail publisher private.

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