London, Dec 18 (AP) The owner of Britain's Guardian newspaper has confirmed that it has sold the Observer, the world's oldest Sunday newspaper to Tortoise Media for an undisclosed fee.

In a statement Wednesday, the Scott Trust, which owns the Guardian Media Group, said Tortoise Media is purchasing the Observer through a combination of cash and shares.

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The Observer, which was founded in 1791 and became part of the Guardian Media Group in 1993, is a bastion of liberal values in Britain's media landscape.

Tortoise was launched in 2019 by James Harding, a former editor of the London Times and director of news at the BBC, and the former US ambassador to London, Matthew Barzun.

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The proposed sale has been opposed by journalists across the Guardian Media Group, culminating in a 48-hour strike earlier this month. (AP)

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