The deal makes US-based RedBird the sole controlling owner of The Telegraph, founded in 1855. RedBird has stated that it will invest funds in The Telegraph’s digital operations to help continue growing subscriptions and expand the outlet’s foothold in the United States, where has already has several media investments.

Redbird Capital Partners, first bought part of the broadsheet newspaper from Lloyds bank in 2023, but were prevented from fully acquiring The Telegraph by the previous government, which restricted foreign governments from owning newspapers.

“This transaction marks the start of a new era for The Telegraph as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base,” said RedBird CEO Gerry Cardinale in a statement.

“With the right plan and the right investment by ambitious new owners, this venerable title can look forward to an era of unprecedented success,” said Chris Evans, the editor of the Daily Telegraph.