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flag US firm Redbird Capital buys British Daily Telegraph for $674 million, aiming to expand its reach.

flag US investment firm Redbird Capital Partners has agreed to buy Britain's 170-year-old Daily Telegraph newspaper's publisher, the Telegraph Media Group, for about £500 million ($674 million). flag The deal marks the end of a lengthy ownership saga, previously held by the Barclay family. flag Redbird plans to grow the brand, invest in technology, and expand its subscriber base both in the UK and internationally.

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