British regulators announced a review into whether the bid, backed mostly by funds from the United Arab Emirates, could result in adverse foreign influence over the British press.
The Government has stepped into the controversial prospective takeover of The Telegraph by an Abu Dhabi-backed media company by issuing a Public Interest Intervention Notice (PIIN) that will halt the process until at least January. It means the regulators Ofcom and the Competition and Markets Authority (CMA) will carry out an investigation into the potential takeover by Redbird IMI, which is lending the Barclay family money to pay off its debts to Lloyds Banking Group.
Several Tory MPs have urged the UK government to intervene in the Telegraph takeover deal by UAE-backed investment fund, resulting in the Media Secretary writing a hard-hitting letter to the involved
The leader of the Abu-Dhabi-backed takeover of The Telegraph has said he would resign if it were ever suggested that the Gulf state had attempted to interfere in editorial matters.