Telegraph up for sale after takeover collapses

6 months ago 48

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The Daily and Sunday Telegraph newspapers are back up for sale after an Abu Dhabi-backed bid to take them over collapsed.

The ownership of the papers was set to be transferred to the Gulf-backed RedBird IMI consortium before the government intervened in January.

There were concerns that the papers might come under the control of an autocratic foreign state.

RedBird said it would halt the takeover and put the media firm up for sale.

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