RedBird Capital has abandoned its plan to acquire the Telegraph.

The US-based private equity firm RedBird Capital Partners has withdrawn its offer to acquire Telegraph valued at approximately 500 million pounds. This sudden decision has resulted in the 170-year-old established newspaper entering a new year without any owner for the third time. The rising objections within the organization towards the agreement and some political sensitivities were influential in RedBird's decision.

In recent years, the debt crisis faced by the Barclay Family became one of the main factors that put the newspaper up for sale. In 2023, due to the Barclay family's debt exceeding 1 billion pounds, Lloyds Bank initiated the process by seizing assets. This situation presented a visual of a deepening financial crisis before everyone's eyes.

RedBird Capital's evaluations encompass not only the newspaper's current financial situation and the effects on news content but also the discussions that such a large investment could generate in the public sphere. Issues of compliance, industry dynamics, along with the impact of international political relations, were undeniable factors in the company's decision.

On the other hand, Telegraph’s past reputation and extensive readership represented an attractive opportunity for potential buyers. However, the retreat of major financial players like RedBird Capital from such a significant investment indicates important signs regarding the current uncertainties and dynamics in the industry.

As a result, RedBird Capital’s withdrawal of its offer may create a widespread impact not only on the future of Telegraph but also on other potential buyers in the media sector. The future of the newspaper and the sales process is progressing in a state of uncertainty that could create new opportunities for other major players in the industry.