£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’
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