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Telegraph back up for sale after Abu Dhabi-backed fund pulls takeover deal

The gulf state-backed fund behind a takeover of the Telegraph newspaper group has said it will now withdraw and sell on the business after politicians moved to block the deal. RedBird IMI, an Abu Dhabi-backed fund, last year reached a deal with ...

30 Apr 2024 at 19:30

Abu Dhabi-backed fund strikes deal in move to secure Telegraph newspaper

Abu Dhabi-backed investment fund RedBird IMI has paved the way to take control of the Telegraph and Spectator publications after agreeing loans to repay debts owed by previous owners, the Barclay family. Lenders for the Barclay family would ...

20 Nov 2023 at 17:08

City

New York Sun owner Dovid Efune nearing deal to buy the Telegraph

A buyer for the Telegraph could be agreed as early as this week, after the owner of the New York Sun emerged as the potential frontrunner in the bidding war over the publication. Dovid Efune is said to be in advanced talks to buy the ...

07 Oct 2024 at 12:04

Telegraph boss exits amid Government review of Abu Dhabi-backed takeover

The boss of the Telegraph Media Group (TMG) has stepped down from the newspaper publisher, amid its proposed takeover by an Abu Dhabi-backed fund. TMG and parent company Press Acquisitions Limited said on Friday that chief executive ...

26 Jan 2024 at 12:38

Telegraph takeover: Why did it collapse and what happens next?

The proposed takeover of the Telegraph newspaper group by an Abu Dhabi-backed fund has collapsed after the Government intervened in the deal. RedBird IMI was due to buy The Telegraph and sister publication The Spectator but said on ...

30 Apr 2024 at 13:54

City

Telegraph takeover by Abu Dhabi-backed fund set for in-depth review, says Frazer

The Culture Secretary has said she is “minded to” refer the gulf-state backed takeover of the Telegraph newspaper group for an in-depth investigation amid free speech concerns. Last year, Abu Dhabi-backed fund RedBird IMI reached ...

19 Mar 2024 at 13:16

Telegraph bidder vows Abu Dhabi will be ‘passive investor’

The company which is bidding to own The Daily Telegraph has said the newspaper’s journalists would have complete editorial freedom from its backers in Abu Dhabi. Former CNN executive Jeff Zucker, who is leading the bid, told the ...

05 Jan 2024 at 16:32

No 10 does not deny Foreign Office intervened over letter on Telegraph takeover

Downing Street has not denied reports that the Foreign Office intervened to “soften” language used by the Culture Secretary to avoid offending an Abu Dhabi-backed fund seeking to take over the Telegraph newspaper. Lucy Frazer ...

24 Nov 2023 at 14:23

City

Telegraph suitor to buy Traitors and Fleabag maker for £1.15bn

The Abu Dhabi-backed company which is trying to take over the Telegraph has announced a £1.15 billion deal to buy the production company behind Fleabag and the Traitors. The deal will see RedBird IMI, which is headed by ...

16 Feb 2024 at 15:09

Barclay family repays £1.2bn debt to Lloyds amid potential sale of Telegraph

The Barclay family has repaid the nearly £1.2 billion that it owed to Lloyds Bank, opening up its chance to transfer control of the Telegraph newspaper to an Abu Dhabi-backed fund. However, the Government has launched ...

04 Dec 2023 at 14:27

Telegraph sale presents potential national security threat, Tory MPs say

A host of Conservative MPs have written to the deputy prime minister urging him to use national security powers to review the potential sale of the Daily Telegraph. Ministers are being asked to intervene after ...

29 Nov 2023 at 17:14

City

ITV ‘keeping all options open’ amid reports of talks over ITV Studios deal

Broadcasting giant ITV has said it will “keep all options open” amid speculation over a possible £3 billion merger deal for its production arm. The group behind hit TV shows including Britain’s Got Talent and ...

06 Mar 2025 at 09:25

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