RedBird Capital Partners has reached an agreement to acquire the Telegraph Media Group in a deal valuing the British media company at $673m.

The acquisition will make RedBird the sole controlling shareholder, marking the largest investment in UK print media in over a decade.

The deal comes after the UK government intervened in a prior agreement involving RedBird IMI, a joint venture backed by Abu Dhabi, due to concerns over foreign state ownership of domestic media. Under the new structure, RedBird Capital will lead the transaction and is in talks with select UK-based minority investors with print media expertise. IMI will retain a minority stake, subject to regulatory approval.

RedBird plans to invest in the group’s digital infrastructure, subscriber growth, and journalistic talent, aiming to drive innovation and expand its reach – particularly in the US. The firm intends to apply best-in-class data analytics and AI tools to enhance value for its core subscriber base and attract new audiences.

“This transaction marks the start of a new era for The Telegraph as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base,” said Gerry Cardinale, founder and managing partner of RedBird.

The firm will also collaborate with Telegraph’s current management to build new content verticals in travel and events, leveraging the brand’s position among affluent global readers.

Anna Jones, CEO of Telegraph Media Group, added: “RedBird Capital Partners have exciting growth plans that build on our success – and will unlock our full potential across the breadth of our business.”

This acquisition deepens RedBird’s presence in UK media, adding to a portfolio that includes stakes in Liverpool FC, All3Media, Fulwell 73, and Build a Rocket Boy. The firm also has exposure to sports, entertainment, and gaming through its wider investment strategy.

Source: The Hollywood Reporter

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