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The Latest Breaking News from RedBird

Decision on foreign state stakes in UK press could end Telegraph limbo

Cap of 15% could allow US firm RedBird Capital to finalise deal to buy titles after two years of uncertainty

The Guardian - UK

ITV share price leaps as ‘investors consider takeover bid’

CVC and France’s Groupe TF1 among potential suitors amid interest in Studios production arm, says report

The Guardian - UK

Boris Johnson holds talks on becoming global editor-in-chief at The Telegraph

BORIS Johnson has been approached about taking up a new role as global editor-in-chief at The Telegraph, reports suggest.

The National (Scotland)

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Battle resumes to take control of Telegraph – and the Tory soul

After year in ownerless limbo, Conservative party’s bible goes up for sale in second auction next week

The Guardian - UK

Private equity firms have $1.2 trillion to spend on NFL teams. Will the league finally let them?

The NFL may change its rules to let private equity firms purchase minority team stakes. Here’s a list of potential buyers.

Fortune

Meet Gerry Cardinale, the investor behind Skydance Media’s bid for Paramount

The RedBird Capital CEO honed his approach to IP at Goldman Sachs by building untraditional IP portfolio and via friend Bob Iger, CEO of Disney.

Fortune

Bob Iger schooled him on Disney's grand theory of IP. Now Gerry Cardinale is backing Skydance Media's $8 billion bid for Paramount Global

Cardinale's RedBird Capital Partners is an "IP monetization engine" that has partnered with celebrities from LeBron James to Ben Affleck. “I think he's focused on world domination,” says one collaborator.

Fortune

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Paramount, Skydance Reach Merger Agreement: Report

Once the deal is closed, two-thirds of Paramount would be co-owned by Skydance and RedBird.

International Business Times

Reports: Paramount Nears Agreement on Merger with Skydance

The two have agreed to the terms of a merger deal that could be announced in the next few days

TV Tech

UK government was ‘scared’, says man behind failed UAE-backed Telegraph bid

RedBird IMI deal effectively killed by new legislation blocking foreign states from owning UK newspapers

The Guardian - UK

Paul Marshall expected to bid for Telegraph after quitting GB News board

Investor’s move comes amid reports RedBird IMI is to formally withdraw its attempt to buy the newspaper

The Guardian - UK

The American sports tycoon who wants to build Yankee Stadium in Milan may have found his nemesis: Italian bureaucracy

After brokering the TV deal and stadium project that forever changed the Yankees, Gerry Cardinale is taking his brand of boardroom "moneyball" to Italian soccer.

Fortune

UK To Ban Foreign State Ownership Of British Newspapers

The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group.

International Business Times

Telegraph takeover: UK plans law to stop foreign ownership of newspapers

New legislation could thwart planned £600m purchase of media group by UAE-backed consortium

The Guardian - UK

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The Guardian - UK

Telegraph and Spectator takeover: News Corp and Mail owner consider bids

Planned acquisition by UAE-backed RedBird IMI is being considered by the culture secretary

The Hindu

After 2 crashes, flying school shut for 3 months leaves students worried

The completion of flying training at RedBird is just one of the many steps before trainees become airline pilots.

USA Today Sports Media Group

Meet the Strategic Sports Group investors, PGA Tour and Saudi PIF executives vying for a place in pro golf’s future

Both tours, the SSG and PIF have an unprecedented opportunity to reshape professional golf as we know it.

Fortune

Media mogul Shari Redstone reportedly considering selling her stake in Paramount after fighting for years to keep control of the company

Redstone reportedly considers selling to the movie studio that made ‘Top Gun: Maverick’ in a move that could kick off a selling spree among legacy media companies.

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Broadcasting & Cable

Paramount Global Stock Jumps on Report of Possible Buyout

Deal is a ‘decent possibility,’ analyst says

Evening Standard

Culture Secretary steps in to potentially block UAE-backed Redbird's Telegraph deal on public interest grounds

Culture Secretary Lucy Frazer says she “will be issuing a Public Interest Intervention Notice” on the deal

Evening Standard

A tense few days for The Telegraph, but RedBirdIMI looks the way to bet

A crunch few days for the Telegraph Group, which could have new, controversial, owners by Monday.

The Guardian - UK

Whitehall infighting could hamper scrutiny of Telegraph sale

Foreign Office could stifle possible inquiry into bid from Abu Dhabi-backed fund RedBird IMI in absence of cabinet secretary

The Guardian - UK

The Telegraph, the autocracy and free speech: can RedBird IMI calm media fears?

One of the investors bidding for the paper is the vice-president of the UAE, which is ranked far down the press freedom index

Evening Standard

Public interest investigation into sale of Telegraph now likely

Lloyds Bank hopes of quick sale dashed

The Guardian - UK

Sale of Telegraph paused as consortium pledges to repay Barclay debts

Abu Dhabi-backed RedBird IMI’s announcement casts doubt over auction process

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