UK NEWSPAPER THE TELEGRAPH TO BE BOUGHT BY US FIRM

Photo Credit: Getty Images
The Telegraph, a prominent British right-wing newspaper, has agreed to be acquired by US investment firm RedBird Capital Partners, ending a two-year period marked by UK government intervention over press freedoms. In a statement released on Friday, RedBird announced that it has reached an "in-principle agreement" to buy The Telegraph Media Group (TMG), which includes the paper’s print and digital operations, for £500 million ($670 million).








