Murdoch’s News Corp eyes joint Telegraph bid with rivals

Unclear path: Copies of the Telegraph are displayed on a rack in a supermarket in London. The fate of one of the United Kingdom’s most famous newspapers’ ownership has been up in the air for months. — Reuters

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.