RedBird IMI Proposes New Structure for Telegraph Acquisition Amid Concerns

Culture Secretary Lucy Frazer expected to announce fresh public interest probe as MP Neil O'Brien urges further scrutiny.

RedBird IMI, the Abu Dhabi-backed vehicle trying to buy The Daily Telegraph, has proposed to amend its corporate structure to ease opponents' concerns about media freedoms.
Culture Secretary Lucy Frazer is expected to announce a fresh public interest probe into RedBird IMI's acquisition of the Telegraph titles.
RedBird IMI's proposed structure is the same as the previous one, with 75% ownership by IMI in Abu Dhabi and 25% by RedBird of the US.
Conservative MP Neil O'Brien has urged ministers to extend the probe into the Telegraph takeover, warning that RedBird IMI may already be exerting 'material influence' over the newspaper.
RedBird IMI is confident that the editorial protections it has submitted to Ofcom will address any concerns and pave the way for the deal to be approved.