News Corp and the owner of the Daily Mail have held talks about a possible joint acquisition of the Telegraph with UAE-backed investment fund Redbird IMI. Bloomberg News reported This was disclosed on Monday, citing a person familiar with the matter.
According to reports, Jeff Zucker’s Redbird IMI’s investment would be reduced if the three companies made a joint bid.
The Abu Dhabi-backed takeover of the paper is a statement of opinion within the ruling Conservative Party and has raised concerns about foreign influence in news reporting, with opponents saying it could threaten British democracy. ing.
In one scenario that has been discussed, Redbird IMI would acquire a 25% stake in Telegraph for as little as 25% to address concerns about foreign government interference, Bloomberg News reported. .
News UK, Redbird IMI and the Telegraph declined to comment, while the Daily Mail did not immediately respond to a Reuters request for comment.
News Corp is the parent company of the New York Post.
