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...
The Foreign Office has been accused of attempting to block an official investigation into the takeover of The Telegraph by an Abu Dhabi-backed organisation. Lucy Frazer, the culture secretary, has said that she is minded to open a regulatory investigation into whether the bid by RedBird IMI would be against the public interest. The Telegraph...