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  • The Independent

    Telegraph newspaper back up for sale after Abu Dhabi-backed fund pulls deal

    by Henry Saker-Clark Apr 30, 2024 2 minutes
    Source: PA Archive

    The gulf state-backed fund behind a takeover of the Telegraph newspaper group has said it will now withdraw and sell on the business after politicians moved to block the deal.

    RedBird IMI, an -backed fund, last year reached a deal with previous Telegraph owners the Barclay family to – by paying off debts owed to their bank, Lloyds.

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