UK government was ‘scared’, says man behind failed UAE-backed Telegraph bid
by Alexandra Topping Media editor from World news | The Guardian on (#6MTYN)
RedBird IMI deal effectively killed by new legislation blocking foreign states from owning UK newspapers
The former CNN executive who fronted a failed bid for the Telegraph newspaper by a UAE-backed consortium has suggested the government was not willing to listen to assurances about editorial neutrality.
Jeff Zucker said there were figures in the UK who were scared" of the 600m deal, which would have seen the Abu Dhabi-backed consortium, RedBird IMI, take control of the Telegraph and Spectator.
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