Daily Telegraph to Be Acquired by U.S. Firm RedBird After Prolonged Ownership Uncertainty
U.S. private equity firm RedBird Capital has struck a deal to take control of the Daily and Sunday Telegraph, ending a two-year period of ownership uncertainty for the iconic British newspapers. The agreement involves RedBird acquiring the stake previously held by Emirati royal Sheikh Mansour bin Zayed Al Nahyan, who had earlier helped finance a…