The Mirror owner becomes the target of a possible takeover offer by National World


Mirror publisher Reach becomes the target of a possible takeover offer by National World

  • National World is an investment vehicle controlled by former newspaper executive David Montgomery 
  • It said last night it was considering a possible bid for Reach, although it has yet to approach the company directly  

The owner of the Daily Express and Daily Mirror newspapers has become the target of a possible takeover offer

The owner of the Daily Express and Daily Mirror newspapers has become the target of a possible takeover offer. 

National World, an investment vehicle controlled by former newspaper executive David Montgomery, said last night it was considering a possible bid for Reach, although it has yet to approach the company directly. 

Reach confirmed it has yet to receive a direct approach from National World. Montgomery was previously the boss of Mirror Group – taking over in 1992 following the death of its notorious former owner Robert Maxwell – before stepping down in 1999. 

Mirror Group then merged with Trinity to become Trinity Mirror before renaming itself Reach in 2018. 

The firm faces a difficult time with its share price tumbling by 63pc so far this year as it struggles to boost readership while grappling with surging printing costs for its newspapers. 

Read more at DailyMail.co.uk