NWS News: UPDATE 2-Murdoch's News Corp eyes joint Telegraph bid with rivals, Bloomberg News reports - 12th Mar 2024, 7:40am

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(Adds details on bid and background in paragraphs 2-3)

March 11 (Reuters) - Rupert Murdoch's News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph alongside the UAE-backed investment fund RedBird IMI, Bloomberg News reported on Monday, citing people familiar with the matter.

A joint bid by the three would result in a smaller stake for Redbird IMI, according to the report.

The Abu Dhabi-backed buyout of the paper, which voices opinions with...

>>> Read more: UPDATE 2-Murdoch's News Corp eyes joint Telegraph bid with rivals, Bloomberg News reports
 
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