U.S. private-equity firm RedBird Capital Partners has struck a deal to acquire control of Britain’s Daily Telegraph newspaper in a deal valued at more than $670 million, capping a drawn-out sale process for the 170-year-old title.
The details
RedBird, headed by former Goldman Sachs banker Gerry Cardinale, said Friday that it had agreed to buy Telegraph Media Group in a deal that values the business at £500 million, equivalent to more than $673 million, including debt.
