‘Poison pill’ risks burdening Telegraph with UAE debt

Analysts and potential bidders have valued The Telegraph at around £350m - Geoff Pugh for The Telegraph A “poison pill” threatens to burden The Telegraph with responsibility for a £500m debt to the United Arab Emirates (UAE) after a takeover bid by an American private equity firm was abandoned. RedBird Capital Partners on Friday gave up its two-year pursuit of the newspaper, in which it cooperated with IMI, a media vehicle owned by the vice-president of the UAE. The pair’s original bid for The Telegraph ...