US investment Firm RedBird to buy UK’s Daily Telegraph newspaper

Aljazeera

Summary

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The Telegraph is to be sold to a transatlantic consortium led by RedBird Capital Partners under a preliminary deal to end two years of gruelling uncertainty and deliver significant investment in journalism.
The Telegraph
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The British-born newspaper-owner whose takeover of The Daily Telegraph appears to have been thwarted by a £500m deal with RedBird Capital Partners has called on the title's stakeholders to rally behind his bid instead.
Sky News
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It concludes a protracted sale that involved an intervention by the previous Conservative government.
International Business Times
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RedBird IMI, which was partly backed by the US firm but majority-owned by Sheikh Mansour bin Zayed Al Nahyan, vice president of the United Arab Emirates, originally agreed to buy the media firm and The Spectator in 2023.
Hindustan Times

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