Desmond Closes in on Express

22 November 2000

The sale of the Express, Sunday Express and Daily Star by United News and Media seems to be swinging the way of Richard Desmond, owner of Northern and Shell.

Discussions between Desmond, whose company publishes celebrity rag OK! and the rather less upmarket Asian Babes, and United News and Media chief executive Lord Hollick were being held last night and a decision is expected in the next few days.

Desmond’s bid is believed to be around the £125 million mark, although financing has yet to be agreed.

News source: The Times (London)