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An open letter addressed to UK media minister Lisa Nandy, signed by nine organisations including Human Rights in China and Hong Kong Watch, alleged “RedBird Capital’s ties to China … threaten media pluralism, transparency, and information integrity in the UK”.
RedBird Capital chair John Thornton sits on the advisory council of the China Investment Corporation, the country’s largest sovereign wealth fund, the letter noted.
In May RedBird agreed to buy the Telegraph Media Group (TMG), comprising the 170-year-old paper’s print and online operations, for £500 million (US$678 million).
Wednesday’s letter provides a new twist to The Telegraph takeover saga, already marked by UK government intervention over foreign press influence.
US-Emirati consortium RedBird IMI, comprising Redbird Capital, struck a deal for TMG in late 2023.
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