The Telegraph is to be purchased for £500 million from a transatlantic consortium which is led by RedBird Capital Companions.
The Telegraph is likely one of the UK’s most well-known newspaper and have confirmed an settlement has been made however there aren’t any last offers executed but as will probably be required for regulatory approvals.
Gerry Cardinale, the founding father of RedBird Capital, was quoted by the Telegraph saying, “We consider the UK is a superb place to speculate, and this acquisition is a vital a part of RedBird’s rising portfolio of media and leisure corporations within the UK.”
Anna Jones, chief govt of Telegraph Media Group, stated: “Telegraph Media Group is an award-winning information media organisation, with distinctive journalism at its coronary heart, supported by main business experience, a dedication to innovation and a laser give attention to knowledge to drive technique.
“RedBird Capital Companions have thrilling development plans that construct on our success – and can unlock our full potential throughout the breadth of our enterprise.”
