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Evening Standard
Evening Standard
Business
Simon Hunt

FOUND: Air mail valuation cut by nearly 50 as takeover talks loom - You Need To See This

Air Mail DMGT Graydon Carter

Air Mail has seen its valuation slashed by nearly 50% amid reports the fledgling magazine is in takeover talks.

Daily Mail owner DMGT cut the value of its 3% stake in the business by 46% to £0.7 million, accounts filed with Companies House today show. That would imply a drop in the company’s valuation from $55 million to around $30 million.

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