Helen MacNamara, who was given a fixed penalty notice after bringing a karaoke machine to a party in breach of COVID rules, is advising RedBird IMI on its options to dispose of the Telegraph and Spectator, Sky News learns.
(Bloomberg) RedBird IMI is set to walk away from its takeover of the Telegraph, according to a person familiar with the matter, in a move likely to trigger another bidding war for the UK newspaper group.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen Ro
The Abu Dhabi-backed vehicle is negotiating over whether it can convert a call option that would allow it to sell the Telegraph and Spectator titles separately, Sky News learns.
Sir Paul Marshall, the hedge fund tycoon, is preparing to step down from the board of GB News' parent company as he eyes a renewed bid to acquire The Daily Telegraph.