U.S. investment firm RedBird Capital has dropped its offer to buy the publisher of Britain’s 170-year-old conservative-leaning Daily Telegraph newspaper for about 500 million pounds ($660 million).

RedBird IMI was able to sell the Spectator to British hedge-fund billionaire Paul Marshall last year. However, an attempt to ...

RedBird Capital Partners has withdrawn its £500 million ($658 million) bid to buy the Telegraph Media Group amid a backlash from the UK newspaper publisher’s own staff.

By Sam Tabahriti LONDON (Reuters) -U.S.-based private investment firm RedBird Capital Partners on Friday pulled out of a ...

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