Deal with US private equity firm will end two years of uncertainty over future of titles
A consortium led by the US private equity company RedBird Capital has agreed to buy the Telegraph for £500m, bringing an end to two years of uncertainty over the future ownership of the titles.
The company’s founder, Gerry Cardinale, has signed a deal in principle that will result in the Daily Telegraph and Sunday Telegraph coming under the ownership of a consortium that includes British investors.
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