Trinity Mirror has agreed a £126.7m deal to buy a portfolio of titles from Richard Desmond’s Northern & Shell, including the Daily Express and the Daily Star.
In total, the deal includes four national newspaper titles – the two dailies as well as the Sunday Express and the Daily Star Sunday – and celebrity magazines OK!, New!, and Star, as well as their associated websites.
The deal is expected to be completed by 28 February, pending approval by shareholders who have been recommended to pass it.
Northern & Shell chairman Desmond described it as a “transformational transaction” and “a logical and natural next step in the evolution and consolidation of the media sector”.
Trinity Mirror chief executive Simon Fox said: “Northern and 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.”