Irish media firm sold to Belgians

Independent News and Media (INM) has accepted a takeover offer by a Belgian media group for €145.6 million (about £125.7m).

Under the terms of the acquisition, INM shareholders will receive 10.5 cents per share.

The Belgian company, Mediahuis, is a private European group that was founded in 2013. INM owns titles including the Irish Independent, Sunday Independent and Sunday Life.