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The Guardian - UK
The Guardian - UK
Business
Jane Croft

Telegraph takeover: UK plans law to stop foreign ownership of newspapers

Rupert Murdoch News UK RedBird IMI Lords Stephen Parkinson CMA Lucy Frazer RedBird Spectator UAE IMI
Telegraph newspaper titles
The UAE is providing 75% of RedBird funds to buy the Telegraph group. Photograph: Andy Rain/EPA

The UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and news magazines in a significant move that could scupper the planned £600m sale of the Telegraph to a United Arab Emirates-backed consortium.

RedBird IMI – a partnership between a fund backed by the UAE’s vice-president, Sheikh Mansour bin Zayed Al Nahyan, and a privately owned US investment firm – is seeking to acquire one of the UK’s most influential newspaper groups.

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