Fri, 23 May 2025

Fri, 23 May 2025 Daily Telegraph to be sold to US firm RedBird

The American company agrees to buy the Daily and Sunday Telegraph after a two-year ownership vacuum.
- RedBird Capital will buy the stake in The Daily and Sunday Telegraph from Emirati royal Sheikh Mansour bin Zayed Sultan al-Nahyan. - RedBird's deal needs regulatory approval and is expected to include IMI retaining a minority stake of under 15%. - The purchase price will see RedBird IMI get its money back in full, as per the previous agreement. - The two-year ownership vacuum has ended, providing stability for Telegraph staff who had been concerned about investment and direction. - RedBird's founder Gerry Cardinale plans to expand the Telegraph's reach and subscriber base in the US, seeing a gap in the market.
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