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The Latest Breaking News from RedBird IMI

MPs back foreign investors owning minority stakes in UK newspapers

Commons votes overwhelmingly in favour of a 15% cap as saga over RedBird IMI’s takeover inches closer to conclusion.

Evening Standard

MPs call for inquiry into how RedBird Capital is funding £500m Telegraph deal

Exclusive: Cross-party group including peers warns of risk of ‘potential Chinese state influence’ in private equity firm

The Guardian - UK

UK Newspaper The Telegraph Set For US Ownership

British right-wing newspaper The Telegraph has agreed a takeover by US investment group RedBird Capital Partners, ending a two-year saga marked by UK government intervention over press freedoms.

International Business Times

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Consortium led by RedBird Capital agrees to buy Telegraph for £500m

Deal with US private equity company will end two years of uncertainty over future of titles

The Guardian - UK

Chelsea owner Boehly pulls out of move to buy Scotsman owner National World

Mr Boehly’s Eldridge Media Holdings business said in March that it was considering a takeover deal.

The Independent UK

UK to allow foreign states to own 15% stake in British newspapers

Culture Secretary Lisa Nandy said the move would allow media outlets to seek investment while limiting the risk of outside influence.

Euronews

Decision on foreign state stakes in UK press could end Telegraph limbo

Cap of 15% could allow US firm RedBird Capital to finalise deal to buy titles after two years of uncertainty

The Guardian - UK

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ITV and Channel 4 face summer of uncertainty amidst leadership issues and potential mergers

Channel 4’s chief executive, Alex Mahon, is standing down and ITV head Carolyn McCall has been struggling for investors

The Guardian - UK

Producer of Peaky Blinders and Big Brother ‘drafts bid’ for ITV

French entertainment business Banijay Group looks at possible takeover of broadcaster or just its profitable studio arm

The Guardian - UK

RedBird Capital confident of tabling a deal to take control of Telegraph

Guardian understands plan from US private equity firm to form a consortium or self-fund could come as soon as next month

The Guardian - UK

Premier League football giant's owner considers buying Scottish newspaper

CHELSEA FC owner Todd Boehly’s investment vehicle has made an approach to buy newspaper group National World.

The National (Scotland)

Chelsea FC owner in talks over bid for the Daily Telegraph

Todd Boehly is understood to be talking to David Montgomery, the executive chair of National World

The Guardian - UK

Chelsea owner Todd Boehly eyes deal to buy newspaper publisher National World

It comes amid reports the US businessman is seeking to buy The Telegraph newspaper business and would merge it with National World.

The Independent UK

Chelsea owner Boehly considering deal to buy Scotsman publisher National World

It comes amid reports the US businessman is seeking to buy The Telegraph newspaper business and would merge it with National World.

Evening Standard

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The Guardian - UK

Efune insists his Daily and Sunday Telegraph bid is still on track

Asset manager Oaktree out of running as backer but businessman has ‘high confidence’ he will get finance

The Independent UK

Daily Telegraph to be sold to owner of right-wing New York Sun for £550m

The deal could be signed off as early as this week

The Guardian - UK

Telegraph takeover: ‘concern’ in newsroom over Dovid Efune talks

New York Sun owner’s hardline stance about Middle East prompts fears over editorial independence

The Guardian - UK

Who is Dovid Efune, leading contender to buy Daily Telegraph?

Alarm among staff at potential new owner, who has backed fighting Hamas ‘with every report and headline’

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news in one place.

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The Guardian - UK

Telegraph auction: New York Sun owner a frontrunner as deadline looms

Suitors such as Dovid Efune and new Spectator owner Paul Marshall have until end of Friday to submit offers

The Guardian - UK

GB News investor Paul Marshall seals £100m deal to buy Spectator

Hedge fund tycoon is also in talks with RedBird IMI to acquire Daily and Sunday Telegraph

The Guardian - UK

GB News investor Paul Marshall poised to buy the Spectator

Hedge fund tycoon in talks with Telegraph owner RedBird IMI to acquire magazine for up to £100m

The National (Scotland)

Billionaire GB News backer 'set to close Spectator buy-out'

HEDGE-FUND billionaire Paul Marshall is reportedly set to ramp up his media empire building as he closes in on a multi-million pound deal to buy The…

The Guardian - UK

Boris Johnson ‘courted for Telegraph role’ as Nadhim Zahawi plots bid

Backers are reportedly told the former prime minister has been sounded out as paper’s global editor-in-chief

The Independent UK

Boris Johnson courted for Telegraph job as Nadhim Zahawi plans takeover

Johnson, who previously worked for The Daily Telegraph, still holds the newspaper ‘in high affection’, a person close to the former prime minister said

The Guardian - UK

Former Tory chancellor Nadhim Zahawi ‘seeks backers for £600m Telegraph bid’

Zahawi reportedly in talks with potential backers including the Reuben family

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