LONDON: Rupert Murdoch’s News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph – one of the United Kingdom’s most famous newspapers – alongside the United Arab Emirates-backed investment fund RedBird IMI, people familiar with the matter say.
A joint bid by the three would result in a smaller stake for RedBird IMI, which may ease concerns of UK politicians over foreign state control of a legacy media outlet, said the people, who asked not to be identified discussing private talks.
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