Richard Desmond to buy Five 'within days'

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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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