Apr 30, 2024, 11:31 PM
Apr 30, 2024, 12:00 AM
Abu dhabi-backed fund withdraws from telegraph newspaper group takeover deal
- Abu Dhabi-backed investment fund RedBird IMI pulls out of deal to acquire Telegraph Media Group.
- Telegraph newspaper group is back up for sale after the collapse of the takeover bid by a UAE-backed consortium.
- The fund believes the approach would have benefited the Telegraph readers, journalists, and the UK media landscape.
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