Takeover deal for UK newspaper group

Daily Sport co-founder David Sullivan looked set today to net £40m (€59m) after agreeing to the sale of the UK based newspaper group.

Takeover deal for UK newspaper group
Wed, 08 Aug, 2007 - 10:21

Daily Sport co-founder David Sullivan looked set today to net £40m (€59m) after agreeing to the sale of the UK based newspaper group.

Sport Newspapers, which also produces the Sunday Sport and is 50% owned by Mr Sullivan, has agreed to a takeover deal worth around £50m (€74m) with Interactive World.

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