RedBird IMI to Sell Telegraph Media Group Following UK Government Intervention

The UAE-backed investment fund withdraws from its acquisition plan due to new legislation blocking foreign state ownership of UK newspapers.

RedBird IMI, led by Jeff Zucker, confirms sale of Telegraph and Spectator following UK government's legislative move to prevent foreign government ownership.
UK Culture Secretary Lucy Frazer cites concerns over press freedom and news integrity as reasons for the intervention.
Potential buyers for the Telegraph include Daily Mail owner DMGT and hedge fund boss Paul Marshall.
Recent legislation marks a significant shift in UK policy aimed at protecting media independence from foreign state influence.
RedBird IMI's decision follows extensive government scrutiny and public debate over the ownership of key UK media assets.