£500m deal for Daily Telegraph ‘agreed in principle’

Media giant The Telegraph is set to be acquired by a transatlantic consortium led by New York-based RedBird Capital Partners.  The ‘significant investment in journalism’ will end two years of uncertainty after a £500m deal has been agreed in principle by RedBird’s founder, Gerry Cardinale.  Despite this, no final agreements are in place.  RedBird IMI, … Continue reading £500m deal for Daily Telegraph ‘agreed in principle’