Abu Dhabi fund holding firm on Telegraph price despite interest, sale process stalled

From Yahoo Finance: 2025-03-28 13:39:00

Abu Dhabi fund marketing The Telegraph is holding firm on its asking price, rejecting offers below £500m, despite interest from Todd Boehly and David Montgomery. The sale process has stalled due to pricing issues and concerns about press freedom laws. Lisa Nandy is under fire for her handling of the situation, with accusations of favoring the UAE over a free press. RedBird IMI remains steadfast in its stance, amidst potential bids from National World and others. Montgomery’s bid faces obstacles, including a takeover bid from Malcolm Denmark. Meanwhile, Boehly’s intentions and business connections remain unclear.



Read more at Yahoo Finance: Abu Dhabi fund digs in on Telegraph price a year after pledge to sell