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...
Cross-party group urges Government to back Lords amendment, calling proposed deal a ‘dangerous Rubicon’. More than 100 MPs have backed powers for Parliament to block the proposed Abu Dhabi takeover of The Telegraph, calling it a “dangerous Rubicon” that must not be crossed. Led by Robert Jenrick, the former housing secretary, the cross-party group of...
Former prime minister is latest senior politician to speak out against deal as Ofcom inquirycontinues. Sir John Major has said it is not a “good idea” for the United Arab Emirates-backed takeover of The Telegraph to go ahead. The former prime minister said he did not want newspapers to fall into “autocratic or semi-autocratic hands”....
Whether to allow the UAE to invest in British nuclear – and newspapers – is a national security question. There aren’t many countries in the world willing to roll out the red carpet for Vladimir Putin, but the Emiratis did so with gusto when he visited Abu Dhabi last month. They laid on a 21-gun salute as...
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...
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....
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...