Trinity Mirror snaps up the Daily Express and Daily Star
Trinity Mirror has acquired a number of big name titles including the Daily Express and the Daily Star from Northern & Shell for a sum of £126.7m.
The deal will see Trinity pay an initial £47.7m to the group, which will be followed by £59m between 2020 and 2023 and 25.8 million shares priced at 10p each.
Trinity Mirror will also take control of Daily Star Sunday, celebrity magazines New! and Star, and a 50% slice of the Irish Daily Star.
Trinity Mirror chief Simon Fox said: “This deal is a really exciting moment in Trinity Mirror’s history, combining some of the most iconic titles in the UK media industry.
“It is good for our readers, good for our customers and good for our shareholders.
“Northern & Shell’s titles have a large and loyal readership, a growing digital presence and a stable revenue mix and offer an excellent fit with Trinity Mirror.”
Published: 09 February 2018