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3mo ago

RedBird Capital Partners Reaches In-Principle Deal to Acquire Telegraph Media Group for £500M

The agreement ends a two-year ownership deadlock, with IMI retaining a minority stake and regulatory approval still pending.

Copies of the Daily Telegraph newspaper on sale at a shop in Victoria, central London. The Telegraph is to be bought by a consortium led by US investment firm RedBird Capital for about £500 million. Picture date: Friday May 23, 2025.
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FILE -The Daily Telegraph newspaper with the front page of French President Emanuel Macron is seen at a supermarket in London, March 21, 2024. (AP Photo/Kin Cheung, File)
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Overview

  • U.S. private equity firm RedBird Capital Partners will take controlling ownership of the Telegraph Media Group in a £500 million deal, pending regulatory clearance.
  • Abu Dhabi-backed International Media Investments (IMI) will retain a minority stake of up to 15%, following recent UK government policy changes on foreign state ownership.
  • RedBird plans significant investments in digital operations, journalism, and international expansion, particularly targeting the U.S. market.
  • Talks are ongoing with UK-based investors, including DMGT, for additional minority stakes in the consortium.
  • The acquisition faces a public interest test and other regulatory hurdles before final approval.