Abu Dhabi Fund To Buy Telegraph

Posted on 11/20/2023

RedBird IMI was founded by CIO Gerry Cardinale and is led by news executive Jeff Zucker. It has US$ 9 billion in assets under management. Redbird IMI is prepared to take a chance on the newspaper business. Lloyds Banking Group took control of The Daily Telegraph in the summer. The owners have since made an…

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