RedBird IMI admits defeat in attempt to buy UK’s Telegraph
Published
Abu Dhabi-backed group will auction off newspaper and Spectator magazine after UK government blocked takeover
Full ArticlePublished
Abu Dhabi-backed group will auction off newspaper and Spectator magazine after UK government blocked takeover
Full ArticleRedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders.
A number of potential bidders are still interested in buying the Telegraph since the government thwarted Redbird IMI's takeover..