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Government to decide whether to progress sale of Telegraph
The Observer
|October 12, 2025
RedBird Capital Partners, the US private equity group that agreed to become the new owner of the Telegraph in May, has submitted a formal request to the government to progress the sale, having secured buy-in from other investors for a deal that values the newspaper at £500m.
It now falls to Lisa Nandy, the culture secretary, to decide whether to issue a second public interest intervention notice (PIIN) which would trigger more investigations into a takeover that has been held up for months.
The DCMS was notified of the sale of a “call option agreement” on Friday afternoon by RedBird IMI, the Abu Dhabi-based investment vehicle led by Jeff Zucker, that had to restrict its stake in the right-leaning newspaper after a new law capped foreign state ownership of UK titles to 15%.
This story is from the October 12, 2025 edition of The Observer.
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