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March 26, 2010

Party leaders welcome Lebedev Independent deal

By Dominic Ponsford

All three UK main political party leaders have welcomed the news that Russian billionaire and former KGB man Alexander Lebedev has bought the Independent titles.

They are quoted in today’s edition of the paper, which tells readers on page two that ‘the future of the Independent and Independent on Sunday was secured yesterday when Independent Print Limited agreed to buy the newspapers from Independent News and Media”.

The deal was valued at £1, but IN&M has agreed to pay the Lebedevs £9.25m over the next ten months to compensate them for future liabilities.

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