Finance
UK minister 'minded' to intervene over Telegraph newspaper sale
Published by Global Banking & Finance Review®
Posted on January 20, 2026
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 20, 2026
2 min readLast updated: January 20, 2026
UK minister Lisa Nandy is hesitant to intervene in the Telegraph's 500 million pound sale to DMGT, with a final decision pending responses by January 26.
LONDON, Jan 20 (Reuters) - British culture minister Lisa Nandy said on Tuesday she was "minded" to intervene in Daily Mail owner DMGT's proposed 500-million-pound ($673 million) takeover of the Telegraph newspaper, a move that would trigger regulatory scrutiny.
The Telegraph has been in limbo since 2023, when RedBird IMI - a joint venture between U.S.-based RedBird Capital and Abu Dhabi's International Media Investments - attempted to buy it. That deal stalled after Britain introduced limits on foreign ownership of newspapers.
Nandy said she was "minded to intervene on the following public interest grounds", citing the need for both a plurality of views and sufficient plurality of those with control.
The minister added that she was not minded to intervene under the separate Foreign State Influence regime, but said she would act if new information emerged pointing to foreign-state involvement.
"It is important to note that I have not taken a final decision on intervention at this stage," Nandy said in a statement, adding that her "minded to" letter gives the parties until January 26 to respond before she makes a final decision.
If Nandy issues an Intervention Notice, the media regulator Ofcom would assess the public-interest issues, while the Competition and Markets Authority would report on whether the deal creates a relevant merger and what it could mean for competition.
($1 = 0.7427 pounds)
(Reporting by Sarah Young, writing by Sam Tabahriti; Editing by Ros Russell)
Brexit is the term used to describe the United Kingdom's decision to leave the European Union, which has significant implications for trade, investment, and regulatory frameworks.
An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, and other financial instruments.
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