The Telegraph Is Up for Sale Again: Here’s Who Might Buy It
- Conservative-leaning UK newspaper is a coveted media asset
- UAE-backed takeover was thwarted by British politicians
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The Telegraph, one of Britain’s oldest and most influential newspapers, is back on the block after UAE-backed investment group RedBird IMI officially walked away from its proposed takeover following a political furor.
RedBird IMI said Tuesday that it would sell on the rights to the Telegraph as well as the Spectator magazine, reigniting a media battle for control of two publications that are famously intertwined with the upper echelons of the Conservative party.