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.

Guardian Media Group in talks to sell Observer newspaper to Tortoise Media - The media giant is in exclusive discussions to sell the world’s oldest Sunday newspaper

Guardian Media Group is in talks to sell The Observer to Tortoise Media, which plans a substantial investment for its renewal. Published since 1791, The Observer will maintain its print and digital presence under new ownership.

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.

News publisher Guardian Media Group says it is in talks to sell The Observer newspaper to “slow news” outlet Tortoise Media

The Guardian Media Group is in talks to sell The Observer newspaper to Tortoise Media, a news business launched in 2019 by a former BBC executive.

Guardian Media Group (GMG) is in talks to sell The Observer, the world's oldest Sunday newspaper, to Tortoise Media, a start-up founded five years ago by a former BBC and Times executive.

Guardian Media Group (GMG) told staff it was in negotiations with the Observer after being approached with an offer that was significant enough to look at in more detail. The company said it had chosen to be transparent about the negotiations despite the fact that much of the detail of the talks remained commercially sensitive.