Britain said on Tuesday it would refer the UAE-led takeover of the Telegraph for a lengthy review, a move that will effectively kill the deal because a law banning foreign governments owning newspapers is due to come into force in coming months. Abu Dhabi-backed RedBird IMI took control of the Telegraph titles and the Spectator...
Lucy Frazer said she is concerned about the potential influence of Abu Dhabi over The Telegraph. Culture Secretary Lucy Frazer has said she is “minded to” open a second investigation into the proposed sale of Telegraph Media Group to Abu Dhabi-backed Redbird IMI. The move was prompted by Redbird IMI making changes to the corporate structure of the potential acquiring entities...