Independent News & Media to be sold to Belgian group

Denis O’Brien loses hundreds of millions in sale of Ireland’s biggest newspaper publisherIreland’s largest newspaper group has agreed to a takeover offer from the Belgian media group Mediahuis in a deal in which its largest shareholder, billionaire Denis O’Brien, will lose hundreds of millions on his investment.Independent News & Media, which publishes Ireland’s biggest-selling daily and Sunday papers – the Irish Independent and Sunday Independent – as well as the Belfast Telegraph and a large number of regional titles, accepted the €145.6m (£125.2m) offer from Mediahuis. INM had €81.7m of cash on its balance sheet at the end of its last financial year, meaning Mediahuis in effect paid €63.9m for the business. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2019-04-30 00:00:00 UTC ]
News tagged with: #irish independent #sunday independent #belfast telegraph #large number #regional titles #financial year

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Independent News & Media to be sold to Belgian group

Denis O’Brien loses hundreds of millions in sale of Ireland’s biggest newspaper publisherIreland’s largest newspaper group has agreed to a takeover offer from the Belgian media group Mediahuis in a deal in which its largest shareholder, billionaire Denis O’Brien, will lose hundreds of millions... Continue reading at The Guardian

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