Telegraph, Spectator to not resume sale as Barclay family repays debt
Reuters
Published Dec 05, 2023 07:26
(Reuters) - Telegraph Media Group and the Spectator magazine will not resume a sale process it paused last month, the publishers said on Tuesday, after the Barclay family, helped by Abu Dhabi-backed RedBird IMI (LON:IMI), repaid a 1.2 billion pound ($1.51 billion) debt to Lloyds (LON:LLOY) Bank.
A battle to own the right-leaning newspaper and the Spectator political magazine was launched earlier this year when Lloyds seized control of the titles from the Barclay family following a long running dispute over the debt.
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Written By: Reuters
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