Abu Dhabi state-backed fund strikes to take management of Daily Telegraph
An Abu Dhabi state-backed car has moved nearer to taking full management of The Daily Telegraph simply hours after the launch of a regulatory probe that stops it from eradicating key journalists from their posts.Sky News has learnt that RedBird IMI has given the newspaper's board and the federal government discover of its intention to activate a name possibility that can convert loans secured towards the Telegraph titles and Spectator journal into shares.
The transfer was communicated to key stakeholders late on Friday, and got here as almost £1.2bn was being transferred to an escrow account previous to its launch to Lloyds Banking Group early subsequent week.A Whitehall supply confirmed this weekend that the federal government had been notified about RedBird IMI's transfer t...









