UK minded to intervene in Abu Dhabi-backed deal for The Telegraph

UK minded to intervene in Abu Dhabi-backed deal for The Telegraph

British media minister Lucy Frazer said on Wednesday she was “minded to” intervene in a deal that could see Abu Dhabi-backed RedBird IMI take control of the Daily Telegraph, saying she had concerns about the newspaper’s independence.

The right-leaning title and Spectator magazine, favourites of politicians in the leading Conservative Party, are being sold after Lloyds Banking Group in June seized control following a long-running dispute with former owners the Barclay family.

Read more: reuters.com

Photo: reuters.com

Leave a Reply

Your email address will not be published.