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RedBird Capital Swoops on Telegraph Media Group in $674 Million deal

RedBird Capital Partners has struck a deal to acquire the Telegraph Media Group for $674.2 million.

The deal expands RedBird’s British media empire, which includes Premier League champions Liverpool FC, television production giant All3Media, Fulwell Entertainment (the company behind James Corden’s “Late” ventures), and video gaming studio Build a Rocket Boy. RedBird’s flagship investments include Skydance Media (Larry and David Ellison) and its pending merger with Paramount Global, AC Milan, Fenway Sports Group (Boston Red Sox, Liverpool FC, Pittsburgh Penguins, PGA Tour), the Yankees Entertainment & Sports (YES) Network (New York Yankees and Amazon), Artists Equity (Ben Affleck and Matt Damon), the United Football League (Disney/ESPN, Fox and Dwayne Johnson), the Indian Premier League’s Rajasthan Royals, and Formula One’s Alpine Racing team. The Telegraph deal adds another trophy asset to RedBird’s collection, which spans from European football clubs AC Milan and the Indian Premier League’s Rajasthan Royals to Formula One’s Alpine Racing team.

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