LONDON, Dec 4 (Reuters) – The Barclay family regained control of Britain’s influential Telegraph newspaper on Monday after Abu Dhabi-backed RedBird IMI helped repay its 1.2 billion pound ($1.5 billion) debt to Lloyds Bank (LLOY.L).
However, a proposed transfer of the newspaper to RedBird IMI has been thrown into doubt after the British government last week officially intervened to block the move while it investigates whether any takeover would have an impact on freedom of expression under the new owner.
A battle to own the right-leaning n…
Read the full article at: https://www.reuters.com/world/uk/uks-lloyds-bank-paid-telegraph-debt-by-barclay-family-sky-news-2023-12-04/