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...The formal withdrawal of the offer will kick off an auction process that is expected to draw bids from parties including hedge fund boss Paul Marshall, Rupert Murdoch’s News UK, and newspaper group National...
...The deal for the Daily Telegraph, Sunday Telegraph and Spectator titles became a political flashpoint, with MPs and peers voicing concerns over a foreign power exerting influence over a UK media group with...
...Meanwhile, the Telegraph’s independent directors are finalising a restructuring of the company’s assets and their transfer into a new entity....
...At least half a dozen companies within the Barclay family empire — including the Very Group, an online retailer and financial services company — show new charges linked to the IMI loan agreement, filings...
...In the next few weeks, the independent directors currently running TMG are looking to move the assets of the Telegraph group to a new entity in a corporate restructuring....
...Sir William Lewis, the former News UK and Telegraph boss, is now unlikely to bid following his appointment to lead the Washington Post....
...Additional reporting by Samer Al-Atrush and James Fontanella-Khan in New York...
...We’re also going to continue to look for opportunities in the news and information space.”...
...The Telegraph and Spectator could be sold together or separately, they added, depending on the offers received. New financial results are also expected soon from the Telegraph....
...Culture secretary Lucy Frazer on Tuesday said she was “minded to refer” the sale of the British news organisation to a phase 2 investigation by the Competition and Markets Authority, the antitrust watchdog...
...He wants to shift the company from a news media provider to a wider online content business, which will include the greater use of AI in production and commercial initiatives....
...Murdoch’s News UK would like to buy the Spectator, and DMGT, which owns the Mail titles, has expressed interest in the Telegraph....
...The joint venture will have to decide whether to bring in new money to significantly dilute the Abu Dhabi stake or seek to sell the Telegraph and the Spectator....
...DMGT, Marshall and News Corp declined to comment....
...rival company....
...The site was occupied from 1863 by the Siemens Brothers Telegraph and Telephone Works, which manufactured submarine cables and then telephones until 1968....
...Lucy Frazer, culture secretary, on Thursday asked Ofcom and the Competition and Markets Authority to consider whether the new holding company in effect represented a materially different deal, and so needed...
...(X) — The key Carabao Cup final decisions went against Liverpool (Telegraph) — 11 stats from Liverpool’s remarkable League Cup final victory vs....
...So why are tech companies laying off workers?...
...boss (The Telegraph)— London fears for its future as companies defect to Wall Street (CNN)— The London Stock Exchange has now passed the zenith of its global influence (City AM)— Stubborn discount marks...
...The remainder of the debt was covered by International Media Investments, the investment vehicle backed by Manchester City owner Sheikh Mansour bin Zayed Al Nahyan, which will swap into new debt behind the...
...telephone system....
...On Friday, the boards of the parent companies behind the Telegraph Media Group Limited and The Spectator said that advisers would launch a sale process for each of the businesses....
...Last week, the FT revealed that various companies in the group had been pledged as collateral to the new debt provided by IMI....
...That would push Australia’s 4.35 per cent interest rate above 5 per cent, and closer to rates in the UK, US and New Zealand....
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