LONDON (Reuters) -U.S.-based private investment firm RedBird Capital Partners said on Friday it has withdrawn its 500 million pound ($671.05 million) bid for Britain’s Telegraph Media Group, the publisher of the Daily and Sunday Telegraph newspapers.
“RedBird has today withdrawn its bid for the Telegraph Media Group,” a spokesperson told Reuters.
($1 = 0.7451 pounds)
(Reporting by Sam Tabahriti in London, additional reporting by Rishab Shaju in Bengaluru; Editing by Leroy Leo)
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