British right-wing newspaper The Telegraph has agreed a takeover by US investment group RedBird Capital Partners, ending a two-year saga marked by UK government intervention over press freedoms. RedBird has struck an “in-principle agreement” to purchase The Telegraph Media Group (TMG), which comprises the 170-year-old paper’s print and online operations, for £500 million ($670 million), the pair announced in a statement on Friday. It concludes a protracted sale that involved an intervention by the previous Conservative government. US-Emirati consortium RedBird IMI, comprising Redbird Capital, had already struck a deal for…
Read More‘For $670 Million,’ US Firm Agrees Deal To Buy UK’s Telegraph Newspaper
