The Deal That Never Closed: RedBird, the Barclays and the Daily Telegraph
* Telegraph.com is completely independent from the Daily Telegraph * yet the fate of that newspaper now matters to anyone who cares about media power in Britain. This long read traces how a heavily indebted Barclay structure, Abu Dhabi linked financing, RedBird Capital and United Kingdom public interest law collided over the Daily Telegraph. It explains why the latest five hundred million pound bid has been withdrawn and why the real decision was made long before any formal refusal.