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The Independent UK

Business

Henry Saker-Clark

Telegraph to be bought by US firm RedBird Capital for £500m

RedBird Capital RedBird United States Jonathan Brady Telegraph Media Group

The Telegraph newspaper business was at the centre of a bidding war - (Jonathan Brady/PA)

The Telegraph is set to be acquired by a consortium spearheaded by US investment firm RedBird Capital for approximately £500m.

It is the latest chapter in a turbulent two-year takeover saga for the 170-year-old newspaper.

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