UK government was βscaredβ, says man behind failed UAE-backed Telegraph bid
15 May 2024 at 14:06
RedBird IMI deal effectively killed by new legislation blocking foreign states from owning UK newspapers
The former CNN executive who fronted a failed bid for the Telegraph newspaper by a UAE-backed consortium has suggested the government was not willing to listen to assurances about editorial neutrality.
Jeff Zucker said there were figures in the UK who were βscaredβ of the Β£600m deal, which would have seen the Abu Dhabi-backed consortium, RedBird IMI, take control of the Telegraph and Spectator.
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