RedBird Capital drops £500m Telegraph takeover bid

US private equity group’s deal collapses amid newsroom criticism and threat of regulator interventionBusiness live – latest updatesRedBird Capital has dropped its £500m bid for the Telegraph Media Group, throwing the future of its daily and Sunday titles into further uncertainty.The private equity group founded by Gerry Cardinale has been under intense attack in recent weeks with the Telegraph newsroom – and allies including the former editor Charles Moore and the ex-Spectator chief Fraser Nelson – publishing a string of pieces calling for its links to China to be investigated. Continue reading...

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