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.)
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- RedBird IMI
- Telegraph
- Acquisition
- Media
- Journalism
- News
- Publishing
- Buyout
- UK
- Regulation
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