Published 8 months ago

Abu Dhabi state-backed fund moves to take control of Daily Telegraph

The British government has blocked an Abu Dhabi-backed group from taking ownership of the Telegraph newspaper while regulators investigate freedom of expression concerns.
The Telegraph Media Group, which includes the Telegraph newspaper and the Spectator magazine, is up for sale after a dispute with the Barclay family.
RedBird IMI, funded by Sheikh Mansour bin Zayed Al Nahyan, has given notice of its intention to take control of the Telegraph titles, triggering an inquiry by regulators.

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Reuters

UK bars Abu Dhabi-backed group from acquiring Telegraph, pending review

Britain's government on Friday blocked an Abu Dhabi-backed group from taking ownership of the media group that owns the Telegraph newspaper while its takeover bid is scrutinised by regulators over freedom of expression concerns.

8 months ago·United Kingdom

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New York Post

UK government halts Jeff Zucker Telegraph deal for further investigation: report

The UK government is halting Jeff Zucker’s Abu-Dhabi-backed RedBird IMI from buying the Telegraph newspaper and Spectator magazine, citing concerns about the outlets retaining their editorial independence once the group takes over. According to Mediaite, culture secretary Lucy Frazer issued a public interest “intervention notice” Thursday night, prompting media regulator, Ofcom, to investigate the proposed...

8 months ago·New York, United States

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Sky News UK

Abu Dhabi state-backed fund moves to take control of Daily Telegraph

An Abu Dhabi state-backed vehicle has moved closer to taking full control of The Daily Telegraph just hours after the launch of a regulatory probe that prevents it from removing key journalists from their posts.

8 months ago·United Kingdom

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Mediaite

UK Government Halts Jeff Zucker Telegraph Deal To Perform Investigation

Jeff Zucker insists that the newspaper will retain “editorial independence” after the purchase. Photo by: NDZ/STAR MAX/IPx The government has intervened in the ongoing negotiations by Jeff Zucker regarding the sale of the Telegraph newspaper and Spectator magazine to examine the deal further. Culture Secretary Lucy Frazer issued a public interest intervention notice Thursday night, prompting Ofcom, the media regulator, to investigate the propos…

8 months ago·United States

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