Potential move by RedBird IMI follows UK government plan to ban foreign state ownership of newspapers
Fri 15 Mar 2024 11.06 EDT
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.
It paid £600m last November to clear the debts…