Media group’s future is again in limbo – and it faces questions over the asking price as well as regulatory hurdles
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RedBird Capital drops £500m Telegraph takeover bid
The withdrawal of the bid for the Telegraph led by RedBird Capital has once again plunged the future of the titles into uncertainty, and raises questions over the dogged refusal of its sellers to drop the eye-watering £500m asking price that had driven away other potential suitors.
On Friday, a consortium that also included UAE fund International Media Investments (IMI) as well as the owner of the Daily Mail and the billionaire Sir Leonard Blavatnik, dropped its bid abruptly with no explanation given.
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