RedBird IMI has initiated the sale process for the UK's Telegraph newspaper and the Spectator magazine. The Abu Dhabi-backed investment firm is seeking to recover the £600 million it spent in its previous attempt to acquire the right-leaning media group. The decision to sell comes after government intervention led RedBird IMI to reverse its acquisition plans.
Now the Telegraph, which is a paper and a company utterly adrift and at risk, is BLAMING THE VOTERS….. https://t.co/XKgRAV4mIH
RedBird IMI kicks off the process to sell the Telegraph and Spectator, as it seeks to recoup the £600M spent on its attempt to take control of them last year (@danielthomasldn / Financial Times) https://t.co/mrfdmnrlwo https://t.co/YyYMRcP0Cd
Abu Dhabi-backed RedBird IMI says it has opened bids for its sale of the Telegraph and Spectator, having reversed its decision to acquire the right-leaning newspaper group after the government intervened. https://t.co/E3mChf6mtO
🗞️ Telegraph auction begins with claims of ‘extremely strong’ interest https://t.co/fVBKaIiWTu
RedBird IMI opens bids for its sale of UK's Telegraph newspaper https://t.co/KpolF90liF https://t.co/fCB4G3F6vN
Telegraph on the block again as RedBird IMI seeks to recover its £600mn https://t.co/4OMexbBeCY