Government launches investigation into sale of Telegraph group
The Guardian|December 01, 2023
The government has dealt a blow to the Barclay family's efforts to transfer control of the Telegraph and Spectator to a consortium backed by the United Arab Emirates, after confirming it was launching an investigation into whether it raises serious public interest concerns.
Mark Sweney, Alexandra Topping
Government launches investigation into sale of Telegraph group

The culture secretary, Lucy Frazer, has issued a public interest intervention notice triggering an inquiry by Ofcom, the media regulator, into whether the complex deal could breach requirements including the need for accurate presentation of news, free expression of opinion and sufficient plurality of views and persons with control of ownership.

The Barclays are attempting to push through a deal with Lloyds Bank which took control of the titles in June after the family failed to repay £1.2bn in debt - under which the consortium RedBird IMI would repay the loans and swiftly convert them into equity to take ownership of the titles.

RedBird IMI is a joint venture between the US investment firm RedBird Capital Partners and International Media Investments (IMI) of Abu Dhabi, the investment vehicle for Sheikh Mansour bin Zayed Al Nahyan. The sheikh, who provides most of the funding for RedBird IMI, is the vice-president of the UAE and owns Manchester City football club.

この記事は The Guardian の December 01, 2023 版に掲載されています。

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この記事は The Guardian の December 01, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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