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International Business Times
International Business Times
Business
AFP News

UK To Probe Of UAE-backed Takeover Of Telegraph

United Kingdom Lucy Frazer RedBird IMI the Telegraph Media Group David Barclay Jeff Zucker Abu Dhabi RedBird Capital TMG
UK Culture Secretary Lucy Frazer has ordered a probe into the proposed sale of the Telegraph Media Gruop (Credit: AFP)

The UK government said on Thursday it had triggered a formal probe on public interest grounds into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund.

RedBird IMI announced earlier this month that it was set to take control of The Daily and Sunday Telegraph sister newspapers and The Spectator magazine.

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