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.
