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Telegraph takeover: UK planning new laws to prevent foreign states owning assets

The Guardian M&A

New legislation could thwart planned £600m purchase of media group by UAE-backed consortium The UK government plans to introduce legislation that would prevent foreign governments owning UK newspapers and magazines in a move that could scupper the planned £600m sale of the Telegraph to a UAE-backed consortium. Continue reading.

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UAE-backed Telegraph takeover group weighs up selling stake as ban looms

The Guardian M&A

Potential move by RedBird IMI follows UK government plan to ban foreign state ownership of newspapers The United Arab Emirates-backed consortium RedBird IMI is considering a sale of its stake in the Telegraph, after its attempt to take over the media group was effectively scuppered by UK government plans to ban foreign state ownership of newspapers.

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Telegraph and Spectator takeover: News Corp and Mail owner consider bids

The Guardian M&A

Planned acquisition by UAE-backed RedBird IMI is being considered by the culture secretary Business live – latest updates Media groups have reportedly shown fresh interest in a takeover of the Telegraph and Spectator alongside Redbird IMI, the UAE backed consortium. Continue reading.

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UK Law Change Threatens PE Firm's Newspaper Group Bid

Law 360 M&A

The government has set out rules that would prevent foreign states from owning British newspapers and other print media, a move that could block the takeover of The Daily Telegraph newspaper and The Spectator news magazine by RedBird IMI, an Abu Dhabi-backed private equity firm.

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Abu Dhabi’s media record under scrutiny after Telegraph deal offer

Financial Times M&A

Gulf state funding RedBird IMI’s bid for UK newspaper has sought to build English-speaking media assets for past 15 years

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Daily Mail owner looks to Middle Eastern backers over Telegraph bid

The Guardian M&A

Lord Rothermere, the owner of the Daily Mail and General Trust (DMGT) media group whose brands include the Daily Mail, MailOnline, Metro, the i and New Scientist, confirmed it had held talks but not reached a formal agreement with any investor from the region.

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Telegraph suitor to buy Traitors and Fleabag maker All3Media for £1.15bn

The Guardian M&A

RedBird IMI, which is majority-owned by the UAE vice-president, has invested in five media firms since its launch a year ago The Abu Dhabi-backed company that is trying to take over the Telegraph newspapers has announced a £1.15bn deal to buy the production company behind Fleabag and the Traitors.

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