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Spectator chairman urges ministers to block ‘absurd’ Abu Dhabi-backed takeover

The chairman of The Spectator has said it would be “absurd” for a “dictatorship” to own the right-wing magazine as he rallied against a potential takeover by an Abu Dhabi-backed fund. Andrew Neil told the BBC he would quit his role with the ...

26 Jan 2024 at 10:16

Government considers new intervention into Telegraph takeover deal

The Abu Dhabi-backed fund seeking to take over the Daily Telegraph newspaper has submitted proposals with a new corporate structure in an attempt to appease criticism over the deal. Officials at the Department for Culture, Media and Sport ...

24 Jan 2024 at 17:25

Culture Secretary makes new intervention in Abu Dhabi-backed Telegraph takeover

The Culture Secretary has made a fresh intervention in the proposed takeover of the Telegraph Media Group (TMG) by an Abu Dhabi-backed fund. Lucy Frazer has issued a new public interest intervention notice (PIIN) and extended the ...

26 Jan 2024 at 19:07

Telegraph boss exits amid Government review of Abu Dhabi-backed takeover

The boss of the Telegraph Media Group (TMG) has stepped down from the newspaper publisher, amid its proposed takeover by an Abu Dhabi-backed fund. TMG and parent company Press Acquisitions Limited said on Friday that chief ...

26 Jan 2024 at 12:38

100 MPs sign letter backing powers to block sale of Telegraph to UAE-funded firm

More than 100 MPs from five different parties have supported powers to block the sale of the Telegraph to a UAE-funded firm, warning the move threatens to “seriously undermine” free press in the UK. A letter signed by the ...

06 Mar 2024 at 11:21

Regulators hand findings from Telegraph takeover probes to Government

The Culture Secretary has received reports from UK regulators over the potential impact of the proposed gulf state-backed takeover of the Telegraph newspaper group. It comes as Lucy Frazer prepares to reveal a decision ...

11 Mar 2024 at 11:14

Barclay family repays £1.2bn debt to Lloyds amid potential sale of Telegraph

The Barclay family has repaid the nearly £1.2 billion that it owed to Lloyds Bank, opening up its chance to transfer control of the Telegraph newspaper to an Abu Dhabi-backed fund. However, the Government has launched ...

04 Dec 2023 at 14:27

Telegraph bidder vows Abu Dhabi will be ‘passive investor’

The company which is bidding to own The Daily Telegraph has said the newspaper’s journalists would have complete editorial freedom from its backers in Abu Dhabi. Former CNN executive Jeff Zucker, who is leading the ...

05 Jan 2024 at 16:32

Abu Dhabi-backed fund strikes deal in move to secure Telegraph newspaper

Abu Dhabi-backed investment fund RedBird IMI has paved the way to take control of the Telegraph and Spectator publications after agreeing loans to repay debts owed by previous owners, the Barclay family. Lenders ...

20 Nov 2023 at 17:08

Telegraph and Spectator sale paused after Abu Dhabi-backed fund agreement

The sales process to find a new buyer for the Telegraph and Spectator publications has been paused until at least early December. It comes a day after an Abu Dhabi backed fund said on Monday it was poised to ...

21 Nov 2023 at 16:29

No 10 does not deny Foreign Office intervened over letter on Telegraph takeover

Downing Street has not denied reports that the Foreign Office intervened to “soften” language used by the Culture Secretary to avoid offending an Abu Dhabi-backed fund seeking to take over the Telegraph ...

24 Nov 2023 at 14:23

Telegraph back up for sale after Abu Dhabi-backed fund pulls takeover deal

The gulf state-backed fund behind a takeover of the Telegraph newspaper group has said it will now withdraw and sell on the business after politicians moved to block the deal. RedBird IMI, an Abu ...

30 Apr 2024 at 19:30

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