Unrivaled UAE investment pledged for The Telegraph in RedBird IMI takeover bid

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Fri, 2024-02-16 20:17

LONDON: The chief executive of UAE-based International Media Investments has pledged unparalleled investment for The Telegraph if the company’s takeover bid is successful.

Rani Raad said in a column in the newspaper on Friday that the Emirati group could “offer investment to The Telegraph like nobody else.” IMI is providing 75 percent of the funding for RedBird IMI’s proposed deal.

Raad highlighted RedBird IMI’s commitment to expanding The Telegraph brand amidst challenges facing the UK and US media industries. (AFP/File)
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