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News Corp and Daily Mail Owner Eye Telegraph Takeover Amid Regulatory Scrutiny

The proposed acquisition faces hurdles over concerns of foreign interference and market competition, prompting a government intervention.

  • Rupert Murdoch's News Corp and the Daily Mail's owner DMGT are in talks for a joint takeover of The Telegraph with UAE-backed RedBird IMI.
  • The deal faces opposition due to concerns over foreign state interference and market competition.
  • Culture Secretary Lucy Frazer has issued a Public Interest Intervention Notice, halting the merger until further investigation by Ofcom and the CMA.
  • Over 100 MPs have called for the government to block the takeover, citing concerns over press freedom.
  • The deal's structure may be restructured to reduce UAE influence, amidst considerations for tougher laws on foreign ownership of UK newspapers.
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