A vehicle run by Jeff Zucker , the former CNN chief, is backing the Barclay family's £1bn-plus bid to regain control of The Daily Telegraph . RedBird IMI, a media and sports investment fund, has agreed to back the Barclays' new offer to repay a £1.
15bn debt in full. The family plans to finance the bid through a 50-50 participation from RedBird IMI and a member of the Abu Dhabi royal family.
Source: News Formal (newsformal.com)
Jeff Zucker CNN Barclay Family The Daily Telegraph Redbird IMI Bid Debt Financing
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