{"id":569981,"date":"2025-11-14T14:16:19","date_gmt":"2025-11-14T14:16:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/569981\/"},"modified":"2025-11-14T14:16:19","modified_gmt":"2025-11-14T14:16:19","slug":"us-investment-firm-redbird-pulls-out-of-buying-britains-telegraph-newspaper","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/569981\/","title":{"rendered":"US investment firm RedBird pulls out of buying Britain\u2019s Telegraph newspaper"},"content":{"rendered":"<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \">LONDON &#8212; U.S. investment firm RedBird Capital said Friday that it has dropped its offer to buy the publisher of Britain\u2019s 170-year-old conservative Daily Telegraph newspaper for about 500 million pounds ($660 million).<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">RedBird, which was leading a consortium for the purchase, said in May that it had reached an in-principle agreement to become the controlling owner of the Telegraph Media Group.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">\u201cWe remain fully confident that the Telegraph and its world-class team have a bright future ahead of them and we will work hard to help secure a solution which is in the best interests of employees and readers,&#8221; RedBird said in a statement Friday.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The Telegraph group publishes the daily and Sunday Telegraph newspapers, both of which are closely allied to Britain\u2019s Conservative Party.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN \">The group sold The Spectator, one of the world\u2019s oldest political magazines, last year for 100 million pounds to hedge fund investor Paul Marshall. He is the co-owner of U.K. channel GB News, which launched four years ago as a right-leaning, Fox News-style alternative to mainstream news channels.<\/p>\n","protected":false},"excerpt":{"rendered":"LONDON &#8212; U.S. investment firm RedBird Capital said Friday that it has dropped its offer to buy the&hellip;\n","protected":false},"author":2,"featured_media":65713,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5018,3,4],"tags":[180969,3907,6903,748,51,4781,393,4179,4884,1144,712,16,15,1764,263],"class_list":{"0":"post-569981","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-britain","8":"category-uk","9":"category-united-kingdom","10":"tag-180969","11":"tag-article","12":"tag-books-and-literature","13":"tag-britain","14":"tag-business","15":"tag-celebrity","16":"tag-england","17":"tag-general-news","18":"tag-great-britain","19":"tag-northern-ireland","20":"tag-scotland","21":"tag-uk","22":"tag-united-kingdom","23":"tag-wales","24":"tag-world-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115548480210381110","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/569981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=569981"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/569981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/65713"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=569981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=569981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=569981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}