UK government steps in to review Abu Dhabi’s bid for The Telegraph
The Culture Secretary has issued a notice to examine the potential impact of the proposed takeover of The Telegraph by a fund backed by Abu Dhabi on press freedom and media plurality in the UK. The deal and the notice The Telegraph, one of the UK’s oldest and most influential newspapers, is currently under the control of Lloyds Banking Group, which seized the media assets from the Barclay family in June 2023 after they failed to repay £1.2 billion in loans. The Barclay family, who had owned The Telegraph since 2004, have agreed to a deal with RedBird IMI, a…