RedBird Capital Drops Telegraph Bid, Future Uncertain

RedBird Capitals withdrawal from the Telegraph Media Group acquisition leaves the future of the British publisher uncertain. The private equity firm had planned to invest in the Telegraphs digital operations to expand in the US, but the deal was blocked by British government rules on foreign government investments in media. Now, with RedBird out, the Telegraph must find a new solution to minimize disruption.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.