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The deal is arranged by RedBird IMI, which is primarily owned by the UAE. Sheikh Mohamed bin Zayed Al Nahyan's International Media Investments (IMI) will maintain a minority ownership in TMG.
Furthermore, RedBird Capital is negotiating with specific UK investors “who possess print media experience and are dedicated to upholding The Telegraph's editorial principles” regarding their potential participation in TMG as minority stakeholders.
The new proprietor of the media holding firm plans to stimulate business growth via capital investment in digital activities, among other strategies, and is focusing on global expansion.
RedBird IMI placed the asset on the market over a year ago following the UK authorities' declaration to prohibit foreign governments from owning UK newspapers.
The Telegraph has been published for approximately 170 years.
source: ft.com
Furthermore, RedBird Capital is negotiating with specific UK investors “who possess print media experience and are dedicated to upholding The Telegraph's editorial principles” regarding their potential participation in TMG as minority stakeholders.
The new proprietor of the media holding firm plans to stimulate business growth via capital investment in digital activities, among other strategies, and is focusing on global expansion.
RedBird IMI placed the asset on the market over a year ago following the UK authorities' declaration to prohibit foreign governments from owning UK newspapers.
The Telegraph has been published for approximately 170 years.
source: ft.com
