<-bsp-bb-link state="{"bbHref":"bbg://securities/2214044D%20US%20Equity","_id":"00000190-3f44-d497-a7fb-ff4d6a0d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">RedBird IMI has started a formal process to sell the Telegraph newspaper and the Spectator magazine after plans to take control of the two media companies fell apart.
The United Arab Emirates-backed investment group is speaking to interested parties around the globe and “interest has remained extremely strong,” a RedBird IMI spokesperson said in an email to Bloomberg News. The deal was first <-bsp-bb-link state="{"bbDocId":"SFG1058JMDC0","_id":"00000190-3f44-d497-a7fb-ff4d6a0e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">reported by the Financial Times.
“We look forward to progressing the sale as smoothly and quickly as possible,” the spokesperson said. The FT reported RedBird IMI is seeking first-round bids by the end of July, with a ...
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