Telegraph sale collapses as RedBird pulls out of 500m deal to buy newspaper
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Telegraph sale collapses as RedBird pulls out of 500m deal to buy newspaper
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
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"It is the latest twist in a tumultuous two-year takeover process for the 170-year-old newspaper business. A spokesperson for RedBird Capital Partners said on Friday: RedBird has today withdrawn its bid for the Telegraph Media Group. We remain fully confident that The Telegraph and its world-class team have a bright future ahead of them and will work hard to secure a solution which is in the best interests of employees and readers."
Coverage includes reproductive rights, climate change and Big Tech, plus investigations such as Elon Musk's pro-Trump PAC and a documentary on American women fighting for reproductive rights. The outlet emphasizes sending reporters to the ground, offering free access without paywalls and requesting donations to fund journalism that reaches across the political spectrum. US investment group RedBird Capital abandoned its proposed 500m takeover of The Telegraph, creating doubt for the 170-year-old paper's future. RedBird and partner IMI faced potential regulatory investigations, and The Telegraph's editor acknowledged staff concerns and said the process had gone on far too long.
Read at www.independent.co.uk
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