UK legislation to allow foreign states to own up to 15% in British newspapers passes, clearing the way for the Telegraph's sale to a RedBird Capital-led group (Mark Sweney/The Guardian)
Mark Sweney / The Guardian:
UK legislation to allow foreign states to own up to 15% in British newspapers passes, clearing the way for the Telegraph’s sale to a RedBird Capital-led group — Consortium led by RedBird Capital in line to buy group for £500m, in deal that would result in UAE retaining 15% stake