Telegraph's Debt Removed, Sale Proceeds

The Telegraphs Debt Cleared, RedBird IMI Takes Over: A New Chapter BeginsThe Telegraph newspaper, once facing a potential debt of five hundred million pounds, will not bear the burden of its former owners loans. RedBird IMI, a joint venture with UAE funding, will clear The Telegraphs liabilities after any sale. This news comes after RedBird Capital Partners withdrew its bid due to political concerns. The papers valuation remains a point of contention, with peers in Parliament pushing for an independent auction process.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.