The Financial Times reports that RedBird IMI has narrowed down its shortlist for the sale of Telegraph Media Group. The company, which owns a 50% stake in Telegraph, aims to complete the deal by mid-2023. No further details on the bidders or the potential value of the acquisition have been disclosed.

Source: https://www.ft.com/content/93eaaa71-d792-4c71-8336-e13acad96198