UAE

Abu Dhabi moves to acquire UK's Telegraph Media Group


Issue 1181 - 22 Nov 2023 | 2 minute read

A joint venture between United States-based investment firm RedBird Capital and Abu Dhabi’s International Media Investments (IMI) has launched a bid to acquire a pillar of the United Kingdom’s Conservative establishment, the Telegraph Media Group (TMG), which includes The Daily Telegraph and Sunday Telegraph newspapers, and weekly political magazine the Spectator, in a debt-for-equity deal.

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