Skip to main content

Telegraph sale poised to go ahead after Lords foreign ownership vote

Consortium led by RedBird Capital in line to buy group for £500m, in deal that would result in UAE retaining 15% stake

The sale of the Telegraph looks set to finally go through after government legislation to allow foreign states to own up to 15% in British newspapers survived a potentially fatal vote in the House of Lords.

Gerry Cardinale’s RedBird Capital is leading a consortium looking to buy the Telegraph for £500m, in a deal that would result in the United Arab Emirates retaining a stake of 15%.

Continue reading...

from The Guardian https://ift.tt/CSvpLh4
Labels:

Comments

Post a Comment

Popular posts from this blog

Despite Unleashing COVID-19, Expert Predicts China Could Emerge from Pandemic with Even Stronger Hold on Other Nations

Tensions between the US and China are growing, fueled by COVID-19 and accusations of dishonesty. One result is Americans are suing Beijing, seeking to hold it accountable for the worldwide pandemic. Those efforts could backfire, however, such that China not only evades consequences but potentially benefits from the pandemic. from CBNNews.com https://ift.tt/3aVp0Ba
Post a Comment
Read more

NBC Renews Law & Order: SVU and All Chicago Shows For 3 More Seasons

NBC is holding onto its Dick Wolf universe, and we may never have to say goodbye to Detective Olivia Benson. The network just renewed Law & Order: SVU, Chicago Fire, Chicago Med, and... from E! Online (US) - Top Stories https://ift.tt/2T5iBxh
Post a Comment
Read more