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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Consortium led by RedBird Capital agrees to buy Telegraph for £500m

Unsold copies of the Daily Telegraph tied together in a pile
RedBird says it has plans to expand the global reach of the Telegraph, particularly in the US. Photograph: Matt Cardy/Getty Images

A consortium led by the US private equity company RedBird Capital has agreed to buy the Telegraph for £500m, ending two years of uncertainty over the future ownership of the titles.

The company’s founder, Gerry Cardinale, has signed a deal in principle that will take the Daily Telegraph and Sunday Telegraph under the ownership of a consortium that includes British investors.

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