Telegraph bidder RedBird IMI in talks to buy UK’s largest independent TV production group

The Abu Dhabi-backed investment group that has struck a deal to buy the Telegraph is close to securing a £1bn-plus takeover of another prize UK media asset – All3Media, the TV production group behind shows including Call the Midwife, Squid Game: The Challenge, Gogglebox and Midsomer Murders.

RedBird IMI, a joint-venture between the US company RedBird Capital and International Media Investments (IMI) of Abu Dhabi, the investment vehicle for the UAE vice-president, Sheikh Mansour bin Zayed al-Nahyan, is understood to be in advanced negotiations to buy the UK’s largest independent TV production group.