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The Latest Breaking News from RedBird

The Telegraph to be sold to US-led consortium in £500m deal

The Telegraph is to be bought by a consortium led by US investment firm RedBird Capital for around £500 million.

The National (Scotland)

Telegraph to be bought by US firm RedBird Capital for £500m

The deal was initially blocked by the government due to new regulations preventing foreign state ownership of the press

The Independent UK

Telegraph to be bought by US firm RedBird Capital for £500million

It comes more than a year after the Government blocked a takeover of the media business

Evening Standard

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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

Foreign states should not be co-owners of UK newspapers

The definition of an acceptable state stake should be zero if one is serious about protecting press freedom

The Guardian - UK

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

ITV share price leaps as ‘investors consider takeover bid’

CVC and France’s Groupe TF1 among potential suitors amid interest in Studios production arm, says report

The Guardian - UK

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Boris Johnson holds talks on becoming global editor-in-chief at The Telegraph

BORIS Johnson has been approached about taking up a new role as global editor-in-chief at The Telegraph, reports suggest.

The National (Scotland)

Battle resumes to take control of Telegraph – and the Tory soul

After year in ownerless limbo, Conservative party’s bible goes up for sale in second auction next week

The Guardian - UK

Private equity firms have $1.2 trillion to spend on NFL teams. Will the league finally let them?

The NFL may change its rules to let private equity firms purchase minority team stakes. Here’s a list of potential buyers.

Fortune

Meet Gerry Cardinale, the investor behind Skydance Media’s bid for Paramount

The RedBird Capital CEO honed his approach to IP at Goldman Sachs by building untraditional IP portfolio and via friend Bob Iger, CEO of Disney.

Fortune

Bob Iger schooled him on Disney's grand theory of IP. Now Gerry Cardinale is backing Skydance Media's $8 billion bid for Paramount Global

Cardinale's RedBird Capital Partners is an "IP monetization engine" that has partnered with celebrities from LeBron James to Ben Affleck. “I think he's focused on world domination,” says one collaborator.

Fortune

Paramount, Skydance Reach Merger Agreement: Report

Once the deal is closed, two-thirds of Paramount would be co-owned by Skydance and RedBird.

International Business Times

Reports: Paramount Nears Agreement on Merger with Skydance

The two have agreed to the terms of a merger deal that could be announced in the next few days

TV Tech

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The Guardian - UK

UK government was ‘scared’, says man behind failed UAE-backed Telegraph bid

RedBird IMI deal effectively killed by new legislation blocking foreign states from owning UK newspapers

The Guardian - UK

Paul Marshall expected to bid for Telegraph after quitting GB News board

Investor’s move comes amid reports RedBird IMI is to formally withdraw its attempt to buy the newspaper

Fortune

The American sports tycoon who wants to build Yankee Stadium in Milan may have found his nemesis: Italian bureaucracy

After brokering the TV deal and stadium project that forever changed the Yankees, Gerry Cardinale is taking his brand of boardroom "moneyball" to Italian soccer.

International Business Times

UK To Ban Foreign State Ownership Of British Newspapers

The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group.

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The Guardian - UK

Telegraph takeover: UK plans law to stop foreign ownership of newspapers

New legislation could thwart planned £600m purchase of media group by UAE-backed consortium

The Guardian - UK

Telegraph and Spectator takeover: News Corp and Mail owner consider bids

Planned acquisition by UAE-backed RedBird IMI is being considered by the culture secretary

The Hindu

After 2 crashes, flying school shut for 3 months leaves students worried

The completion of flying training at RedBird is just one of the many steps before trainees become airline pilots.

USA Today Sports Media Group

Meet the Strategic Sports Group investors, PGA Tour and Saudi PIF executives vying for a place in pro golf’s future

Both tours, the SSG and PIF have an unprecedented opportunity to reshape professional golf as we know it.

Fortune

Media mogul Shari Redstone reportedly considering selling her stake in Paramount after fighting for years to keep control of the company

Redstone reportedly considers selling to the movie studio that made ‘Top Gun: Maverick’ in a move that could kick off a selling spree among legacy media companies.

Broadcasting & Cable

Paramount Global Stock Jumps on Report of Possible Buyout

Deal is a ‘decent possibility,’ analyst says

Evening Standard

Culture Secretary steps in to potentially block UAE-backed Redbird's Telegraph deal on public interest grounds

Culture Secretary Lucy Frazer says she “will be issuing a Public Interest Intervention Notice” on the deal

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