Trinity Mirror has entered into talks to acquire the assets of rival Northern & Shell, the publisher of the Daily Express newspaper.
In a statement this morning, Trinity Mirror, which itself publishes the Daily Mirror newspaper, said it had begun discussions with a view to acquiring all the publishing assets of Northern & Shell.
The deal, which could be worth around £130m, would see Trinity Mirror acquire the Daily Express, Sunday Express and Daily Star newspapers, along with the magazines OK!, New! and Star.
Trinity Mirror revealed it had entered into talks about buying all the publishing assets outright after having ceased discussions on taking “a minority stake in a new company comprising the publishing assets of Northern & Shell.”
These earlier negotiations, which Trinity Mirror confirmed in January, were understood to have centred on the possibility of merging the two publishers´ back office and sales operations.