Telegraph put up for sale after ownership battle with government

Business

An Abu Dhabi-backed vehicle has conceded defeat in its bid to buy The Daily Telegraph after its ownership was effectively blocked by the government.

RedBird IMI announced it had placed The Telegraph and The Spectator titles up for sale, declaring that its ownership was “no longer feasible”.

The move was confirmed after ministers revealed plans last month to outlaw foreign state ownership of UK newspapers.

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