US investment firm RedBird drops £500m Telegraph takeover bid

NAMPA / DPA

2025-11-14

London (PA Media/dpa) - US investment firm RedBird Capital has pulled out of the running to buy the Telegraph after previously agreeing to a deal worth around £500 million ($658 million). It throws uncertainty over the future ownership of the 170-year-old newspaper business following a tumultuous takeover process. RedBird said in May that it had reached an in-principle agreement to become the controlling owner of the business. It had also pledged......

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