Fri May 23 18:23:24 UTC 2025: **FOR IMMEDIATE RELEASE**
**RedBird Capital Partners to Acquire The Telegraph in $674 Million Deal**
**London, UK** – US investment firm RedBird Capital Partners has reached an agreement to acquire the Telegraph Media Group, publisher of the Daily Telegraph and Sunday Telegraph, for approximately $674 million (£500 million). The deal, announced Friday, ends a protracted ownership saga for the 170-year-old conservative newspaper.
The acquisition by RedBird marks a new chapter for the Telegraph, promising investment in technology and expansion of its subscriber base both in the UK and internationally. “This marks the start of a new era for The Telegraph,” said Gerry Cardinale, founder and managing partner of RedBird.
The Telegraph Media Group, previously owned by the Barclay family, was put up for sale two years ago to settle family debts. While a previous bid by RedBird IMI, a consortium including Abu Dhabi’s IMI, faced governmental opposition due to concerns over foreign state ownership, this deal sees IMI taking a minority stake of no more than 15 percent within the RedBird-led consortium.
The sale is subject to regulatory approval.
The move comes after the sale of The Spectator, another Telegraph Media Group publication, to British hedge fund investor Paul Marshall in September.
Anna Jones, Telegraph Media Group chief executive, expressed enthusiasm for the future under RedBird’s leadership, stating, “RedBird Capital Partners have exciting growth plans that build on our success and will unlock our full potential across the breadth of our business.”
RedBird Capital Partners boasts a diverse investment portfolio, including holdings in football club AC Milan, the parent company of Liverpool Football Club, and film production company Skydance.
First Piper 