UK to allow foreign states 15% stake in newspapers
Source: BBC
Foreign states will be allowed to own up to 15% of British newspapers and news magazines under new laws.The move follows a takeover bid of the Telegraph and the Spectator by RedBird IMI last year, backed by the Abu Dhabi ruling family, which led the then Tory government to ban foreign-state ownership of UK papers, after an outcry from parliamentarians.But under a law change announced on Thursday, State Owned…
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