Daily Telegraph to be sold to US firm RedBird
Source: BBC
American buyout firm RedBird has agreed a deal to take control of the Daily and Sunday Telegraph after a two-year ownership vacuum.RedBird Capital will buy the stake owned by Emirati royal Sheikh Mansour bin Zayed Sultan al-Nahyan who had bankrolled an earlier bid.That bid was rejected by the previous government, which passed a law preventing foreign governments owning British newspapers or news magazines.The…
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