RedBird boss describes failed Telegraph takeover as ‘a shame’ in first comments since deal collapsed

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Tue, 2024-05-28 21:28

DUBAI: Rani Raad, the CEO of RedBird International Media Investments, described the collapse of the Abu Dhabi-backed company’s takeover bid for British newspaper The Telegraph as “a shame” and said it will ultimately weaken the publication’s brand.

Raad said that while it was not his place to comment on UK politics, policymakers had changed the rules when the deal was almost complete. (AMF/File)
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