Daily Mail, The Telegraph and UK media
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RedBird Capital withdrew its £500 million bid for the Telegraph Media Group on Friday, leaving the fate of the major British publisher unclear.
LONDONLONDON — The U.K. government said Wednesday it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates-led consortium of the Telegraph Media Group.
LONDON (AP) -- The U.K. government said Wednesday it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates-led consortium of the Telegraph Media Group.