US investment firm Redbird plans to buy Britain’s Telegraph newspaper

By AP pinch Indrabati Lahiri

Published on 26/05/2025 - 12:33 GMT+2

A consortium led by US finance patient RedBird Capital Partners has agreed to bargain nan patient of Britain’s 170-year-old Daily Telegraph newspaper for astir £500 cardinal (€595.5m), nan 2 sides said connected Friday.

RedBird said it has reached an statement successful rule to go nan controlling proprietor of nan Telegraph Media Group, ending a lengthy takeover saga for nan conservative-leaning newspaper.

Gerry Cardinale, laminitis and managing partner of RedBird, said nan waste “marks nan commencement of a caller era for The Telegraph, arsenic we look to turn nan marque successful nan UK and internationally, put successful its exertion and grow its subscriber base.”

The Telegraph group, antecedently owned by Britain’s Barclay family, was put up for waste 2 years agone to thief salary disconnected nan family’s debts. It publishes nan regular and Sunday Telegraph newspapers and play newsmagazine The Spectator, which are each intimately allied to Britain’s Conservative Party.

In 2023, location was an connection to bargain nan publications from RedBird IMI, a consortium backed by RedBird Capital Partners and Sheikh Mansour bin Zayed Al Nahyan, a personnel of Abu Dhabi’s royal family and nan vice president of nan United Arab Emirates.

However, nan consortium pulled retired past twelvemonth pursuing beardown guidance from nan UK government, which launched authorities to artifact overseas authorities ownership of nan British press.

Under nan deal, Abu Dhabi’s IMI will return a number liking of not much than 15% successful nan Telegraph arsenic a personnel of nan consortium. The waste must beryllium approved by British regulators.

RedBird has investments successful shot squad AC Milan, nan genitor institution of Liverpool shot nine and movie accumulation institution Skydance.

Telegraph Media Group main executive Anna Jones said that “RedBird Capital Partners person breathtaking maturation plans that build connected our occurrence — and will unlock our afloat imaginable crossed nan breadth of our business.”

The Spectator was sold separately successful September to British hedge money investor Paul Marshall.