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US investment group RedBird Capital Partners has abandoned its planned takeover of The Telegraph, raising fresh uncertainty over the future of the 170-year-old British newspaper.

In a statement on Friday, RedBird confirmed it had “today withdrawn its bid for the Telegraph Media Group," which includes both the paper’s print and online operations.

The announcement comes months after the firm reached an in-principle agreement in May to buy TMG for £500 million ($660 million).

The sale of The Telegraph has been drawn out over nearly two years, with multiple complications along the way. RedBird, part of a US-Emirati consortium alongside Abu Dhabi’s International Media Investments, had initially struck a deal for TMG in late 2023.

However, the previous Conservative g

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