London | Media moguls including Rupert Murdoch will once again start circling two of Britain’s top right-wing media titles, after an Abu Dhabi-backed consortium finally dropped its own pursuit.
The Spectator magazine and the Daily Telegraph broadsheet newspaper will both go up for sale, after trenchant and well-organised political opposition killed the bid from RedBird IMI, backed by Abu Dhabi-managed fund IMI and New York investment firm RedBird Capital Partners.
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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.
