US Edition
Telegraph reports deal agreed to sale newspaper to group led by US investment firm
- On Friday, Redbird Capital Partners agreed in principle to buy the Telegraph Media Group in the UK for about £500 million.
- The sale follows a two-year ownership limbo after Lloyds Bank seized control due to Barclay family debts and government blocked a 2023 foreign-backed consortium bid.
- Redbird plans to work with the Telegraph's current management, including editor Chris Evans and CEO Anna Jones, to grow the brand internationally and invest in technology.
- Gerry Cardinale, founder of Redbird, stated that the deal ushers in a transformative phase for The Telegraph, with plans to enhance its technology and broaden its subscriber reach.
- The deal promises to unlock the Telegraph’s full potential by building on past success and requires regulatory approval along with the right investment and strategy.
106 Articles
106 Articles
Private equity firm buys The Telegraph, ending two-year sale saga
By Liam Reilly, CNN (CNN) — RedBird Capital Partners announced on Friday that it has purchased Telegraph Media Group for £500 million (nearly $675 million), concluding a protracted bid to acquire the news company. The deal makes US-based RedBird the sole controlling owner of The Telegraph, the right-leaning British news outlet founded in 1855. Per the deal, RedBird will invest funds in The Telegraph’s digital operations to help continue growing…
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…
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.
U.S. investment firm Redbird agrees to buy Britain’s venerable Telegraph newspaper
A consortium led by U.S. investment firm RedBird Capital Partners has agreed to buy the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about 500 million pounds, the two sides said Friday.
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