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The Latest Breaking News from RedBird

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

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

The Guardian - UK

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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.

Fortune

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.

International Business Times

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 Guardian - UK

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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.

The Hindu

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.

USA Today Sports Media Group

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.

Fortune

Paramount Global Stock Jumps on Report of Possible Buyout

Deal is a ‘decent possibility,’ analyst says

Broadcasting & Cable

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

Evening Standard

A tense few days for The Telegraph, but RedBirdIMI looks the way to bet

A crunch few days for the Telegraph Group, which could have new, controversial, owners by Monday.

Evening Standard

Whitehall infighting could hamper scrutiny of Telegraph sale

Foreign Office could stifle possible inquiry into bid from Abu Dhabi-backed fund RedBird IMI in absence of cabinet secretary

The Guardian - UK

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The Guardian - UK

The Telegraph, the autocracy and free speech: can RedBird IMI calm media fears?

One of the investors bidding for the paper is the vice-president of the UAE, which is ranked far down the press freedom index

Evening Standard

Public interest investigation into sale of Telegraph now likely

Lloyds Bank hopes of quick sale dashed

The Guardian - UK

Sale of Telegraph paused as consortium pledges to repay Barclay debts

Abu Dhabi-backed RedBird IMI’s announcement casts doubt over auction process

The National (Scotland)

Telegraph and Spectator expected to be bought over by Abu Dhabi-backed fund

Abu Dhabi-backed investment fund RedBird IMI has paved the way to take control of the Telegraph and Spectator publications after agreeing loans to…

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news in one place.

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The Guardian - UK

Abu Dhabi-backed fund says it will take control of Telegraph and Spectator

RedBird IMI ‘reaches agreement’ on package of loans to repay debts owed by Barclay family

Liverpool Echo

UEFA make decision over FSG and Liverpool £581 million partners ahead of possible rule change

RedBird Capital Partners own both AC Milan and Toulouse who could meet in the Europa League

Autosport

The NFL and Hollywood lessons that Alpine’s US investors bring to F1

It also reflects an intriguing move by Renault to boost the profile of its sportscar brand and eventually generate more income around the F1 project, helped by the involvement of Hollywood star Ryan Reynolds and his associates Rob McElhenney and Michael B. Jordan.

Liverpool Echo

FSG and Liverpool partner to join forces with Ryan Reynolds as Sadio Mane sent brutal message

Your Liverpool morning digest as FSG partner to join forces with Ryan Reynolds and Sadio Mane is sent brutal message by supporters

Liverpool Echo

FSG and Liverpool partner to join forces with Ryan Reynolds as £708m opportunity emerges

Ryan Reynolds' Maximum Effort Investments is one of the investors into the Alpine Formula One team

Manchester Evening News

Wrexham owners Ryan Reynolds and Rob McElhenney buy stake in Alpine F1

Hollywood actors and co-owners of Wrexham Ryan Reynolds and Rob McElhenney have made their second venture into the sporting world

The Hindu

F1 team Alpine secure €200m backing from investors including Wrexham owners Ryan Reynolds, Rob McElhenney

Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team’s parent company Renault announced on June 26.

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