Abu Dhabi-backed Redbird IMI has submitted a new proposal relating to its planned takeover of the Telegraph newspaper, likely prompting a fresh government probe on public interest grounds, British media minister Lucy Frazer said on Wednesday. The regulators had been due to report back to Frazer by the end of Friday on the first probe....
Abu Dhabi-backed RedBird IMI faces further regulatory scrutiny of its £600mn planned takeover of the Telegraph Media Group following UK government concerns about a proposal to overhaul its corporate structure for the business. RedBird IMI wants to create a holding company via a new English limited partnership to acquire the newspaper group, as part of...
The Abu Dhabi fund pursuing a takeover of The Telegraph has been accused of “last-minute smoke and mirrors” after it revised the deal prompting further delays and uncertainty. Writing in The Telegraph, the former Conservative leader Sir Iain Duncan Smith said the changes were “undoubtedly an attempt to convince the regulators and responsible ministers that...