The future ownership of the Daily Telegraph has been plunged back into crisis after RedBird Capital Partners abandoned its proposed £500m takeover.
Sky News has learnt that a consortium led by RedBird and including the UAE-based investor IMI has formally withdrawn its offer to buy the right-leaning newspaper titles.
In a statement issued to Sky News, a RedBird Capital Partners spokesman confirmed: "RedBird has today withdrawn its bid for the Telegraph Media Group."
Full story: https://news.sky.com/story/telegraph-future-in-limbo-again-as-redbird-abandons-500m-deal-13470211
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