UK’s Daily Mail may go private

LONDON — The founding family of Britain’s Daily Mail is considering making a bid worth $1.1 billion to take the parent company behind the country’s biggest-selling newspaper back into private hands after 90 years on the stock market.

The newspaper and other publications are part of the Daily Mail and General Trust, which has been listed on the London stock market since 1932. Jonathan Harmsworth, known as Lord Rothermere and the great-grandson of the newspaper’s founder, is already the firm’s controlling shareholder through his family trust.

The aristocrat is mulling a bid to take the company private on the condition that it sells off its insurance business and a stake in online car seller Cazoo.