LONDON: Abu Dhabi-backed investment fund RedBird IMI said Monday it is set to take control of The Daily and Sunday Telegraph sister newspapers and The Spectator magazine in Britain.
RedBird IMI ― a joint venture between US firm RedBird Capital and Abu Dhabi's International Media Investments ― said it had struck a deal for a "package of loans" totaling 600 million pounds ($750 million) to take control of the Telegraph Media Group.
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