Richard Desmond to buy Five 'within days'

Express Newspapers owner Richard Desmond is set to take over terrestrial TV station Five ‘within days’ according to the Sunday Times.

Desmond, who also owns a series of magazine titles including OK!, is set to pay £100m for the RTL-owned channel, the paper reports (password protected).

Desmond said last month in an interview that he had £1bn to spend on acquisitions.

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