"Red Bird" agrees to buy the newspaper "Telegraph" for half a billion pound

Redbird Capital Partners agreed to buy the newspaper “Telegraph” in a 500 million pound ($ 674 million) transaction, which ends two years of ambiguity that surrounds the future of the British newspaper. ‘The founder of the US company, Jerry Cardinale, will buy the newspaper from’ Redbird IMI ‘, a company supported by his company and the United Arab Emirates has the largest share in IT. ” Red Bird EMI “launched the ‘Telegraph’ newspaper to sell more than a year ago, after the UK announced to prevent a rudder from a reduction in newspapers. Capital “and” IMI “, the investment arm of the Deputy Prime Minister of the Emirate Sheikh Mansour bin Zayed Al Nahyan, who has a majority share. Bankers completed the sale of” The Specter “to the billionaire and the director of the Hedge Fund Paul Marshall for about 100 million last year.