The Telegraph sale hits a major snag as a US private equity firm pulls out of the bidding, leaving the future ownership of the UK newspaper uncertain. Growing market concerns have led to the deal’s collapse, CNN reports
RedBird Capital’s bid to take control of the UK’s Telegraph has been thwarted by strong opposition from the newspaper’s newsroom staff, Reuters reports. This determined resistance underscores profound concerns about safeguarding editorial independence and shaping the paper’s future direction