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RedBird IMI takeover of Telegraph facesfresh scrutiny over proposedstructure
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RedBird IMI takeover of Telegraph facesfresh scrutiny over proposedstructure

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...

Telegraph bidder accused of ‘last-minute smoke and mirrors’
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Telegraph bidder accused of ‘last-minute smoke and mirrors’

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...