Daily Telegraph: RedBird Capital pulls out of deal to buy newspaper
Source: BBC
Simon JackBusiness EditorGetty ImagesUS investment group RedBird Capital is pulling out of a deal to buy the Daily and Sunday Telegraph for £500m, the BBC understands.RedBird had a previous attempt to buy the Telegraph rebuffed by politicians as it was majority-funded by Abu Dhabi's IMI group - which is owned in turn by the Abu Dhabi royal family.A law change meant that foreign sovereign wealth funds could take a…
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