U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
Redbird Capital Partners, a U.S.-based private equity firm, announced on Tuesday that it has agreed to purchase the Telegraph Media Group for £500 million. The acquisition will make Redbird the sole owner of The Telegraph, while Abu Dhabi-based IMI, previously a key player in the ownership structure, will become a minority shareholder.
The deal marks the end of a two-year sale process that began after Lloyds Banking Group seized control of the paper due to unpaid debts by the Barclay family, who had owned The Telegraph since 2004. The transaction also resolves longstanding questions about the future of the influential British publication.
As part of its strategic vision, Redbird plans to invest in The Telegraph’s digital operations, subscription models, and core journalism, with a goal of expanding the brand’s global reach. The firm also continues discussions with minority investors based in the UK who have expertise in the print media sector.
The sale brings clarity to the future of one of the UK’s oldest and most respected newspapers, which has played a significant role in British political and public life for over 170 years.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 12th of February, covering the latest developments you need to know.
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