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The Latest Breaking News from TMG

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

New York Sun owner preparing to join Telegraph bidding

British-born Dovid Efune understood to be in running to lodge bid but may need more investor backers

The Guardian - UK

Cody Ko Steps Down From Operations At His Production Studio In Wake Of Tana Mongeau Allegations

YouTuber Cody Ko has stepped down from day-to-day operations at his production company TMG Studios, following allegations from Tana Mongeau.

Pedestrian.tv

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Daily Mail owner pulls out of race to buy Telegraph blaming new Labour government

Earlier this year, the Conservative government intervened to block Abu Dhabi-backed fund RedBird IMI from buying the newspaper group

The Independent UK

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

British Newspapers: Who Owns What?

A UK government proposal to ban foreign states from owning British newspapers looks set to scupper plans for an Abu Dhabi-led bid to take over the Telegraph Media Group (TMG).

International Business Times

Desperate Egypt sells off historic hotels as it dives deeper into debt

Amid biting austerity and rising inflation, the al-Sisi government is off-loading assets – some to a convicted murderer with Emirati cash

The Guardian - UK

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Telegraph CEO steps down as UK government prepares takeover investigation

Nick Hugh’s exit comes amid concern over Barclay family’s deal to transfer control of titles

The Guardian - UK

UK To Probe Of UAE-backed Takeover Of Telegraph

The UK government said on Thursday it had triggered a formal probe on public interest grounds into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund.

International Business Times

Barclay family table £1bn bid to regain control of Telegraph

Family that formerly controlled media group attempt to deter rival bidders with Abu Dhabi-backed offer

The Guardian - UK

Telegraph publisher hails profit rise amid subscription push as bidders circle

The Telegraph Media Group was put up for sale in June after talks between their billionaire owners, the Barclay family, and lenders collapsed.

The Independent UK

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The Independent UK

OPINION - Westminster is alight with intrigue over the sale of the Telegraph and Spectator

If you don’t vote Tory, it is unlikely you will care about the somewhat anxious mood within the SW1 offices of the famous Spectator magazine, once edited by Boris Johnson. Or understand the sense of hopeful uncertainty buzzing around the offices of the “Torygraph” newspaper in Victoria. But to many…

Evening Standard

Receivers kick Barclays off board as they put Telegraph and Spectator up for sale

The newspaper could fetch a £600 million price tag

Evening Standard

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The National (Scotland)

Telegraph and Spectator titles set to be auctioned off by Lloyds Banking Group

THE Telegraph newspapers and The Spectator magazine are due to be put up for auction within days amid a bitter row between the title’s…

The Independent UK

Telegraph put up for auction as bank tries to recover debts

Lloyds Banking Group reportedly acted after “becoming frustrated” over loan repayments

The Guardian - UK

Daily Telegraph and Sunday Telegraph newspapers to be put up for sale

Barclay family have lost control of crown jewel media assets in bitter row with newspaper group’s lender

The Guardian - UK

Telegraph parent company faces being put into administration

Speculation revived about ownership of media group as talks with Lloyds over £65m loans break down

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Bangkok Post

TMG signs land lease for B5bn riverside wellness hub

Thai Medical Groups Co (TMG), a manufacturer of medical gloves, has signed a land lease agreement to build La Torre Medical Wellness Center, a luxury riverside wellness centre worth 5 billion baht.

Bangkok Post

TMG makes move into Lao duty-free

Thai Medical Glove Co (TMG), a manufacturer of rubber gloves for medical personnel, is forming a joint venture to develop a US$500 million duty-free business in Laos to serve foreign tourists.

Bangkok Post

SoPa allots another $20m to acquisitions

Nasdaq-listed loyalty platform Society Pass (SoPa), which recently acquired Thailand-headquartered Thoughtful Media Group (TMG), a digital video multi-platform network (MPN) and social commerce platform, is looking to spend US$15-20 million more on acquisitions in Thailand in the second half to bolster its business ecosystem.

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