The Independent bought by Lebedev for £1

UK’s Independent and Independent on Sunday newspapers have been sold to Russian billionaire Alexander Lebedev, owner of the Evening Standard.

The oligarch bought the loss-making paper from Irish company Independent News & Media (INM) for £1, the cost of one daily edition of the newspaper.

As part of the deal, INM agreed to pay Mr Lebedev’s Independent Print Limited £9.25m over the next 10 months.

A deal between the two parties has been under discussion for many months.

The payment from INM to the new owners is to cover “all future trading liabilities and obligations”.


Meet Iranian Singles

Iranian Singles

Recipient Of The Serena Shim Award

Serena Shim Award
Meet your Persian Love Today!
Meet your Persian Love Today!