UK to allow Abu Dhabi-backed group to sell Telegraph newspaper
- Country:
- United Kingdom
The British government said on Tuesday it would allow RedBird IMI to conduct an "orderly transition" after the Abu Dhabi-backed company dropped the proposed buyout of the Telegraph newspaper.
"I will now allow the parties to conduct an orderly transition and I will monitor the outcome with a view to taking any further regulatory action as required under the Enterprise Act," British Culture Secretary Lucy Frazer said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- RedBird IMI
- Telegraph
- Acquisition
- Media
- Journalism
- News
- Publishing
- Buyout
- UK
- Regulation
Advertisement
ALSO READ
Science News Roundup: Scientists discover possible hammerhead shark nursery in Ecuador's Galapagos; Explainer-The Eta Aquariid meteor shower: When is it and what to expect? and more
Health News Roundup: Bird flu likely circulated in US cows for four months before diagnosis -paper; Novo Nordisk trims price for blockbuster obesity drug as competition heats up and more
Sports News Roundup: Motor racing-Future is with Red Bull says Verstappen, but never say never; Athletics-Paris Games 'walk in the park' after Tokyo, Ingebrigtsen says and more
Entertainment News Roundup: Harvey Weinstein will be retried in New York after rape conviction overturned; Universal Music beats earnings forecasts after blockbuster Swift tour and more
Reuters Sports News Summary