What’s in it for the various parties to this drama?
An offer to get their money back in full is better than they had hoped and is all they need or want to walk away happy.
How about the Gulf investor, International Media Investments (IMI) of Abu Dhabi, which is doing this deal in partnership with the US investment firm Redbird? Also easy.
They get to own influential political assets for “only” £600m. A fraction of the price of buying a top-tier Premier League football club or hosting a World Cup. Plus, they get the other £600m secured against other bits of the Barclay family empire.
When it comes to former CNN boss Jeff Zucker, who would take over as chief executive of the Telegraph and Spectator, he both gives and gets. He gives the Gulf bid the credibility of a former internationally respected news chief and gets an arms-length deep-pocketed investor to help him break into new digital US news markets dominated by big name centre left titles like the New York Times and the Washington Post.
Other bidders have told the BBC that – apart from the Wall Street Journal – there is no higher brow equivalent on the political right and cite the US success of The Mail online.
What’s in it for the various parties to this drama?
An offer to get their money back in full is better than they had hoped and is all they need or want to walk away happy.
An offer to get their money back in full is better than they had hoped and is all they need or want to walk away happy.
How about the Gulf investor, International Media Investments (IMI) of Abu Dhabi, which is doing this deal in partnership with the US investment firm Redbird? Also easy.
They get to own influential political assets for “only” £600m. A fraction of the price of buying a top-tier Premier League football club or hosting a World Cup. Plus, they get the other £600m secured against other bits of the Barclay family empire.
When it comes to former CNN boss Jeff Zucker, who would take over as chief executive of the Telegraph and Spectator, he both gives and gets. He gives the Gulf bid the credibility of a former internationally respected news chief and gets an arms-length deep-pocketed investor to help him break into new digital US news markets dominated by big name centre left titles like the New York Times and the Washington Post.
Other bidders have told the BBC that – apart from the Wall Street Journal – there is no higher brow equivalent on the political right and cite the US success of The Mail online.
#What039s #battle #Telegraph
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