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Keyword: redbirdimi

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  • Jeff Zucker’s RedBird IMI Pitches Offer for Bankrupt UK Publisher of The Daily Telegraph and Spectator

    11/21/2023 1:37:34 PM PST · by Olog-hai · 3 replies
    Breitbart ^ | 21 Nov 2023 | Simon Kent
    Failed CNN boss Jeff Zucker still wants to stay in the media game. To that end he is leading an offer to buy the bankrupt British publishing group behind the Daily Telegraph newspaper and Spectator magazine. The New York Post reports Zucker, the chief executive of Abu Dhabi-backed investment group RedBird IMI, is ready to pitch $750 million to the Barclay family that would allow them to repay their nearly $1.4 billion debt to Lloyds Banking Group. RedBird, a venture capital firm that has $1 billion in capital, would then have an option to convert the loan secured against the...