RedBird Secures $675M Deal To Buy UK’s Daily Telegraph

Gerry Cardinale’s RedBird Capital Partners has reached an agreement to buy the UK’s Telegraph Media Group. The in-principle agreement values the publisher of The Telegraph at £500M ($675M) and will see the U.S.-based RedBird becoming the sole owner of the paper and its associated businesses. The Abu Dhabi-funded RedBird IMI will take a minority stake […]