Daily Mail owner seals £500m deal for The Telegraph Media Daily Mail owner DMGT has struck a £500m deal to buy the Telegraph Media Group, drawing a line under one of the most drawn-out and politically fraught takeover battles in the British press. The publisher has entered an exclusive period of talks with RedBird IMI, the Abu Dhabi-linked fund whose own attempt to buy the [...]
Barclay family’s Very Group snapped up by US private equity giant Retail Online retailer The Very Group has been snapped up by a US private equity giant, ending an over 20 year tenure of ownership under the Barclay family. The group will now be controlled by Washington-based Carlyle alongside Abu Dhabi-based investment fund International Media Investments (IMI). It marks the latest offshoring of businesses for the Barclay [...]
Telegraph bought by US private equity giant Media The Daily Telegraph is poised to be sold to an investment consortium led by a US private equity firm, bringing a likely end to two years of uncertainty over its ownership. Redbird Capital Partners, one half of the vehicle which first bought the broadsheet newspaper from Lloyds bank in 2023, is the lead investor in [...]
The Telegraph streamlines ownership structure as sale nears a close September 30, 2024 The Telegraph’s ownership structure has been streamlined as bidders for the prestigious London-based publication prepare for a final decision within the next two weeks. In a memo to staff on Monday, Telegraph Media Group boss Anna Jones also confirmed the sale process is advancing, with multiple second-round bids received, Sky News reported. RedBird IMI, the [...]
Sir Paul Marshall pulls out of race to own Telegraph September 29, 2024 Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.
Telegraph attracts takeover interest amid latest auction deadline September 27, 2024 The bidding war to buy the Telegraph newspaper business is moving nearer to its conclusion amid the latest deadline for takeover offers. Potential suitors to buy the Telegraph Media Group have until the end of Friday to submit second-round offers. It is understood at least three parties, including both UK and international firms, are in [...]
Redbird IMI sells The Spectator to Sir Paul Marshall for £100m September 10, 2024 Redbird IMI has sold The Spectator magazine, part of the Telegraph Media Group, to hedge fund magnate Sir Paul Marshall’s Old Queen Street (OQS) Media for £100m. OQS Media owns and operates the online magazine UnHerd, the Old Queen Street Café, the UnHerd Club and CoEditor Limited, a publishing technology startup. Sir Paul Marshall, also [...]
Telegraph sale: Former chancellor Nadhim Zahawi hunts backers for £600m bid July 22, 2024 Zahawi is said to be confident he can submit a competitive bid and wants to boost the Telegraph's profitability by expanding in the US.
Now private investigators involved in never-ending sale of Daily Telegraph: reports June 23, 2024 Although the Barclays technically still own the newspaper group, it is controlled by a group of independent directors.
Telegraph warns of ‘potential irregularities’ in accounts as it reports £245m loss June 19, 2024 The owner of the Daily Telegraph has warned of "potential irregularities" in its accounts following a loan extraction of £278m by the Barclay family, which it says may never be recovered.