Skip to main content

UK to decide on lengthy probe into UAE-Telegraph deal

1 min

Britain will decide on Tuesday whether to launch a lengthy investigation into a UAE-led takeover of the Telegraph newspaper, a move that could allow a proposed new law to stop the deal, Media Secretary Lucy Frazer said.

The government is amending legislation to ban foreign states from owning newspapers in response to lawmakers' concerns about Abu Dhabi-backed RedBird IMI's bid to buy the Telegraph © Mena Today 

Britain will decide on Tuesday whether to launch a lengthy investigation into a UAE-led takeover of the Telegraph newspaper, a move that could allow a proposed new law to stop the deal, Media Secretary Lucy Frazer said.

The government is amending legislation to ban foreign states from owning newspapers in response to lawmakers' concerns about Abu Dhabi-backed RedBird IMI's bid to buy the Telegraph.

"The legislation will come into force after Royal Assent, which I suspect will be in about a month or two months," Frazer told LBC radio. "If the Telegraph case is still live, it will affect it."

Frazer said she would make a statement later on Tuesday laying out her decision on whether to refer the deal to a Phase Two in-depth investigation by the competition regulator.

Reporting by Sachin Ravikumar and Paul Sandle

Tags

Related

United Arab Emirates

UAE and Costa Rica sign trade deal, UAE president says

The United Arab Emirates and Costa Rica have signed an agreement that will help improve bilateral trade and investment ties, UAE President Sheikh Mohammed bin Zayed Al Nahyan said on Thursday.

Subscribe to our newsletter

Mena banner 4

To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.

  • Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.