UK intervenes again in Abu Dhabi-backed takeover of Telegraph daily

UK intervenes again in Abu Dhabi-backed takeover of Telegraph daily
  • Country:
  • United Kingdom

Britain ordered a new probe into an Abu Dhabi-backed plan to buy the influential Telegraph newspaper on Friday, stepping in a second time after Redbird IMI revised the deal to allay concerns of foreign interference in one of the country's oldest dailies.

The government set out its decision to intervene in the takeover on public interest grounds, asking the country's competition regulator, the CMA, and media watchdog Ofcom to look at whether RedBird IMI's tweaked deal would impact freedom of expression and accuracy.

The regulators will submit their new report into the deal by March 11.

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