The UK government is leaning toward ordering a probe into RedBird IMI’s proposed Telegraph deal, after the prospect of an Abu Dhabi-backed fund taking control of the British newspaper raised national security concerns among some Conservative lawmakers.
Culture Secretary Lucy Frazer said she’s “minded to” issue a so-called Public Interest Intervention Notice. “This relates to concerns I have that there may be public interest considerations,” that are “relevant to the intended loan repayment by the Barclay family and the planned acquisition of Telegraph Media Group by RedBird IMI,” she said in a statement Wednesday. “These concerns warrant further investigation.”
Read more: bloomberg.com