RedBird Capital’s Telegraph Acquisition: A New Era for British Media

Major Ownership Transition

In May 2025, RedBird Capital Partners announced plans to acquire the newspaper’s publisher for £500 million (about US$674 million), though the Abu Dhabi fund indicated it would seek to recoup its £600 million investment or maintain some involvement.

Background and Historical Significance

The Daily Telegraph, a British daily broadsheet conservative newspaper published in London by Telegraph Media Group, was founded by Arthur B. Sleigh in 1855 and has established itself as a newspaper of record in the UK.

Recent Developments and Controversies

The sale process began in 2023 when Lloyds Banking Group took control of unpaid debts from the Barclay family. While the Barclays regained control in December 2023 with help from RedBird IMI, an Abu Dhabi-backed venture, the British government blocked the transfer of ownership to RedBird. The current deal circumvented this by limiting IMI to a minority share.

Political Implications

Conservative MPs recently opposed their party’s leadership to block a proposal allowing UAE acquisition of up to 15% of The Telegraph. This occurred as RedBird Capital formed a new consortium to acquire the newspaper, with Lord Forsyth raising concerns about foreign state influence and press freedom.

Future Prospects

Under the new ownership, RedBird plans to invest in The Telegraph’s digital operations to grow subscriptions and expand its presence in the United States. The deal, which includes Abu Dhabi’s IMI taking a minority stake of no more than 15%, still requires approval from British regulators.

Market Position and Editorial Direction

Telegraph Media Group continues to operate as a multimedia news company, publishing daily and weekly publications covering politics, obituaries, sports, finance, lifestyle, travel, health, culture, technology, fashion, and automobiles.