THE Daily Mash has confirmed it has bought the Financial Times for £1.2bn.
The website’s chief executive Tom Logan said the respected business newspaper was an ‘obvious fit’ and that the company had ‘exciting plans’ for its new acquisition.
He added: “We’re going to change the name of it to ‘The Paper for Twats’.”
Under the terms of the deal the FT will move from its current offices in central London to the Daily Mash’s new, multi-million pound HQ near Stroud, complete with a funky, organic canteen and huge quantities of diazepam.
Logan also revealed that the deal has been funded by a group of investment banks who had been told ‘some fairly massive lies’.
“People who work in finance really are a bunch of fucking idiots. No wonder they all read the Financial Times.”