US EditionTelegraph reports deal agreed to sale newspaper to group led by US investment firm
- On Friday, a group headed by the American private equity firm RedBird Capital Partners reached a deal to acquire the Telegraph newspaper for approximately £500 million.
- The deal follows a nearly two-year ownership limbo caused by the Barclays family’s debts and UK government opposition to foreign state ownership.
- Redbird will take control with plans to invest in technology, grow subscriptions, and develop the Telegraph’s UK and international presence alongside the current leadership.
- In January 2024, The Telegraph had 688,012 digital subscribers, and Gerry Cardinale described the deal as the beginning of a transformative period for the publication.
- The acquisition may unlock new growth, reflecting Redbird’s confidence in the Telegraph’s potential amid a transforming media landscape.
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UAE-Linked Jeff Zucker Firm Sells Storied UK Telegraph to… CCP-Linked Jeff Zucker Firm!?
PULSE POINTS: What Happened: A transatlantic consortium led by RedBird Capital Partners, where Jeff Zucker is an Operating Partner, has agreed to purchase The Telegraph newspaper from RedBird IMI, where Jeff Zucker is CEO. Who’s Involved: RedBird Capital Partners, RedBird IMI, Jeff Zucker, RedBird Capital Partners Chairman John Thornton, The Telegraph, and Britain’s governing Labour Party. Where & When: The United Kingdom, with the deal announce…
The historic British newspaper has been in an ownership vacuum for two years
US firm RedBird strikes $675M deal for Britain’s Telegraph, ending dramatic takeover process
It’s the largest investment in UK print media in a decade, cementing RedBird, which was founded in 2014 by investor Gerry Cardinale, as the majority owner of the 170-year-old conservative broadsheet.
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