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Murdoch’s News Corp eyes joint Telegraph bid with rivals

Alex Wickham and Jamie Nimmo

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London | Rupert Murdoch’s News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph – one of the UK’s most famous newspapers – alongside the UAE-backed investment fund RedBird IMI, people familiar with the matter said.

A joint bid by the three would result in a smaller stake for Redbird IMI, which may ease concerns by British politicians over foreign state control of a legacy media outlet, said the people, who asked not to be identified discussing private talks.

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    Original URL: https://www.afr.com/world/europe/murdoch-s-news-corp-eyes-joint-telegraph-bid-with-rivals-20240312-p5fbnp