RedBird Capital Partners has purchased Telegraph Media Group for £500 million (approximately $675 million), marking the end of a lengthy bid to acquire the news company. As the sole controlling owner, RedBird will invest in The Telegraph’s digital operations to expand subscriptions and increase its presence in the US market.
The deal comes after two years of negotiations, which were hindered by conservative British government restrictions on foreign ownership. The UK’s Labour Party recently relaxed these restrictions, allowing the deal to move forward. RedBird CEO Gerry Cardinale stated that the transaction marks a new era for The Telegraph, with plans to grow the brand in the UK and internationally.
RedBird has significant investments in media, entertainment, and sports, including stakes in Liverpool soccer club and AC Milan. The firm will also acquire Channel 5 if Paramount Global’s merger with Skydance is approved. This acquisition adds to RedBird’s existing portfolio, which includes companies such as All3Media, the YES Network, and Skydance.
With its US presence already established, RedBird aims to capitalize on the growing demand for British news outlets in the country. The deal sets a precedent for other British media companies, including the BBC, The Guardian, and The Independent, which have seen success with their US coverage.
Source: https://edition.cnn.com/2025/05/23/media/telegraph-sale-redbird-capital-media