LONDON (AFP) — Britain’s government on Thursday said it had launched an investigation into the sale of The Telegraph newspaper to the owner of the Daily Mail, a rival right-wing publication, citing competition concerns.
Culture Secretary Lisa Nandy has issued a Public Interest Intervention Notice in relation to the planned takeover, a statement said.
The Daily Mail and General Trust struck a 500-million-pound ($682-million) deal with U.S.-Emirati consortium RedBird IMI in November for the purchase of The Telegraph, which is 170 years old.
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