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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

RedBird Capital confident of tabling a deal to take control of Telegraph

RedBird Capital David Barclay IMI RedBird IMI Lloyds Spectator United States
Daily Telegraph masthead
RedBird Capital was part of the joint venture with Abu Dhabi-based IMI that took control of the publishing group in November 2023. Photograph: PA Images/Alamy

The US private equity firm RedBird Capital is confident of tabling a deal to take control of the Daily and Sunday Telegraph as soon as next month, in an attempt to end two years of “paralysis and unhappiness” at the 170-year-old titles.

The firm’s founder, Gerry Cardinale, is personally involved in drafting a plan to either form a consortium or self-fund a takeover at Telegraph Media Group, the Guardian understands.

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