Categories: Business

RedBird Capital withdraws bid for UK's Telegraph newspaper

Published by TSG Syndication

LONDON (Reuters) -U.S.-based private investment firm RedBird Capital Partners said on Friday it has withdrawn its 500 million pound ($671.05 million) bid for Britain's Telegraph Media Group, the publisher of the Daily and Sunday Telegraph newspapers. "RedBird has today withdrawn its bid for the Telegraph Media Group," a spokesperson told Reuters. ($1 = 0.7451 pounds) (Reporting by Sam Tabahriti in London, additional reporting by Rishab Shaju in Bengaluru; Editing by Leroy Leo) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication