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Published 12 days ago

Telegraph auction to re-open as Redbird IMI looks to withdraw £600m bid

Summary by City AM
The high-profile auction for the Telegraph Media Group is set to re-open as Abu Dhabi-backed investment fund Redbird IMI is reportedly poised to withdraw its £600m bid for the as early as next week. Redbird IMI is working to finalise a structure for the sale with government ministers, who are hoping to cling on to some oversight of the newspaper, according to insiders close to the Financial Times. A solution could potentially involve separate s…

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Telegraph auction to re-open as Redbird IMI looks to withdraw £600m bid

The high-profile auction for the Telegraph Media Group is set to re-open as Abu Dhabi-backed investment fund Redbird IMI is reportedly poised to withdraw its £600m bid for the as early as next week. Redbird IMI is working to finalise a structure for the sale with government ministers, who are hoping to cling on to some oversight of the newspaper, according to insiders close to the Financial Times. A solution could potentially involve separate s…

12 days ago·London, United Kingdom
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