Britain's Guardian Media Group (GMG) is in exclusive talks to sell The Observer, the world's oldest Sunday newspaper, to startup Tortoise Media, the companies said on Tuesday. Tortoise said negotiatio

The Observer, first published in 1791, could be bought by Tortoise Media, an outlet founded by a British media veteran that began publishing in 2019.

The owner of the Guardian has confirmed it is in talks to sell the Observer, the world's oldest Sunday newspaper, to Tortoise Media. Tortoise has approached Guardian Media Group (GMG) with an offer to invest around £25m over the next five years on the "editorial and commercial renewal" of the Observer.