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UK CMA Clears Daily Mail & General Trust Acquisition Of JPIMedia

Fri, 27th Mar 2020 14:18

(Alliance News) - The UK Competition & Markets Authority said Friday it will not be referring DMG Media Ltd's takeover of JPIMedia Publications Ltd to a Phase 2 investigation.

DMG Media Ltd is a subsidiary of Daily Mail & General Trust PLC.

The competition regulator launched an investigation into to the completed acquisition in early December.

JPIMedia Publications - which was purchased for GBP49.6 million - is the owner of the i newspaper and a subsidiary of JPI Media Ltd.

Shares in DMGT were 0.9% lower in London on Friday afternoon at 671.00 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

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