U.S. investment firm Redbird agrees to buy Britain's venerable Telegraph newspaper
A consortium led by U.S. investment firm RedBird Capital Partners has agreed to buy the publisher of Britain's 170-year-old Daily Telegraph newspaper for about 500 million pounds ($674 million), the two sides said on Friday (May 23, 2025).
Redbird said it has reached an agreement in principle to become the controlling owner of the Telegraph Media Group, ending a lengthy takeover saga for the conservative-leaning newspaper.
Gerry Cardinale, founder and managing partner of RedBird, said the sale 'marks the start of a new era for The Telegraph as we look to grow the brand in the U.K. and internationally, invest in its technology and expand its subscriber base'.
The group, previously owned by Britain's Barclay family, was put up for sale two years ago to help pay off the family's debts. It published the daily and Sunday Telegraph newspapers and weekly newsmagazine The Spectator, which are all closely allied to Britain's Conservative Party.
In 2023, there was an offer to buy the publications from RedBird IMI, a consortium backed by RedBird Capital Partners and Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi's royal family and the Vice-President of the United Arab Emirates. But the consortium pulled out last year following strong opposition from the U.K. Government, which launched legislation to block foreign state ownership of the British press.
The Spectator was sold separately in September to British hedge fund investor Paul Marshall.
Telegraph Media Group chief executive Anna Jones said, 'RedBird Capital Partners has exciting growth plans that build on our success — and will unlock our full potential across the breadth of our business'.
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In Sandhu's mind, Khalistan was a religious state with communist ideals—a kind of Communist Israel for the political rivalries between Congress and the Akalis deepened Hindu-Sikh tensions, fracturing decades of Yudh MorchaOn April 24, 1982, the Akalis launched an agitation against the Sutlej Yamuna Link Canal, a project to supply water to neighbouring states. The project was launched by the then Prime Minister Indira Gandhi herself at a place called Kapuri (the agitation was also called Kapuri Morcha). At the start of June, the protest against the canal turned into a civil disobedience movement. By June, it became a civil disobedience Bhindranwale launched his Front from the Golden Temple, demanding the release of arrested All India Sikh Students' Federation members. On August 4, 1982, he and the Akalis united under the Dharam Yudh Morcha (religious struggle), courting arrest to press for the Anandpur Sahib Resolution. Bhindranwale moved to Guru Nanak Niwas, a hostel near the Golden Bhindranwale shifted to Guru Nanak Niwas, a hostel behind the east gate of the Golden Temple. Hundreds of followers joined him. Most of them were members of the All India Sikh Students' Federation, and Nihangs baptised by him at his seminary. His guardsmen were drawn from former army and police personnel. Taking advantage of the chaos, some hardened criminals and smugglers operating in Punjab also took refuge in the BluestarOn December 15, 1983, fearing arrest, Bhindranwale shifted to the Golden Temple complex. By late 1983, turf wars between rival Sikh militant groups turned its corridors into followers were linked to a wave of violence in Punjab, spreading fear amid rumours of hit lists and an imminent Khalistan declaration, allegedly backed by Punjab spiraling and her 'Iron Lady' image at stake, Indira Gandhi ordered the Army into the Golden June 5, 1984, Operation Bluestar unfolded as tanks rolled in, culminating in a tragic confrontation that left deep scars on the Sikh community and India's Watch
