U.S.-based private investment firm RedBird Capital Partners on Friday pulled out of a 500-million-pound bid for Britain’s Telegraph Media Group, the latest twist in a two-and-a-half year saga at one of Britain’s biggest newspapers.
“RedBird has today withdrawn its bid for the Telegraph Media Group,” a spokesperson told Reuters.
Telegraph Media Group is the publisher of the right-leaning Daily Telegraph and Sunday Telegraph newspapers plus a news website, which is
