U.S. investment firm RedBird Capital has dropped its offer to buy the publisher of Britain’s 170-year-old conservative-leaning Daily Telegraph newspaper for about 500 million pounds ($660 million)
ByThe Associated Press
November 14, 2025, 8: 54 AM
LONDON — U.S. investment firm RedBird Capital said Friday that it has dropped its offer to buy the publisher of Britain’s 170-year-old conservative Daily Telegraph newspaper for about 500 million pounds ($660 million).
RedBird, which was leading a consortium for the purchase, said in May that it had reached an in-principle agreement to become the controllin