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Jan. 22, 2020, 3:12 a.m. EST

UK regulator to probe Daily Mail’s ‘i’ newspaper buy

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By Ian Walker

The U.K. Competition and Markets Authority said Wednesday that it was investigating whether Daily Mail & General Trust PLC’s completed acquisition of JPI Media Ltd. will lead to a merger situation.

The regulator said that it is considering whether the deal by DMG Media Ltd. /zigman2/quotes/206568132/delayed UK:DMGT -3.16%  — a Daily Mail & General Trust unit — for JPI Media, owner of the “i” newspaper, would lead to a “substantial lessening of competition” within the U.K.

It is inviting comments from interested parties over the deal before it makes a final decision. The deadline for responses is Feb. 5.

On Dec. 6 the CMA served an initial enforcement order on Daily Mail limiting the extent to which it can integrate the operations of JPI Media while the regulator examines the transaction.

Daily Mail announced on Nov. 29 that it had bought “i” and its website for 49.6 million pounds ($64.6 million) in cash from JPI Media.

/zigman2/quotes/206568132/delayed
UK : U.K.: London
766.00 p
-25.00 -3.16%
Volume: 6,150
Feb. 26, 2020 9:36a
P/E Ratio
17.60
Dividend Yield
3.12%
Market Cap
£1.80 billion
Rev. per Employee
£240,865
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