US EditionUS group pulls out of deal to buy Daily Telegraph
RedBird Capital withdrew its £500 million bid amid newsroom unrest and regulatory concerns, with a further auction of the Telegraph Media Group likely in the new year.
- RedBird Capital Partners has withdrawn its bid to buy the Telegraph Media Group after facing regulatory hurdles and unrest from the newspaper's staff.
- RedBird's initial bid was thwarted due to objections over foreign state ownership, leading to a restructured deal involving other investors that still faced regulatory review.
- With the deal's collapse, a further auction of the Telegraph newspaper titles is likely in the new year.
42 Articles
42 Articles
Zucker-Linked $658 Million Telegraph Purchase Deal Falls Through.
PULSE POINTSWHAT HAPPENED: RedBird Capital has withdrawn its £500 million (~$658 million) bid for the Telegraph Media Group, ending a two-year takeover process.WHO WAS INVOLVED: RedBird Capital Partners, IMI, Telegraph Media Group, and its employees, including editor Chris Evans and CEO Anna Jones.WHEN & WHERE: The announcement was made this week, following a process that began in 2021 in the United Kingdom.KEY QUOTE: “The Telegraph deserves own…
The company withdraws the 570 million offer for the British Conservative newspaper that aspired to make the New York Times center-right
The US fund, which had entered into an agreement in May to acquire the British press group, threw away sponge while it is suspected of maintaining ties with China.
RedBird Pulls Out of Telegraph Takeover Amid China Link Concerns
The US private equity firm RedBird Capital Partners has pulled out of its bid for control of the Telegraph amid concerns over foreign state control and links to China. The post RedBird Pulls Out of Telegraph Takeover Amid China Link Concerns appeared first on The Daily Sceptic.
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