Foreign states limited to 15% stake in UK newspapers amid Telegraph uncertainty

Cap of 15% could allow US firm RedBird Capital to finalise deal to buy Daily and Sunday Telegraph after two years of uncertaintyThe government will allow foreign states to own stakes of up to 15% in British newspapers in a move that could finally end two years of uncertainty over the ownership of the Telegraph titles.The Department for Culture, Media and Sport is to announce the limit on Thursday through the introduction of a new statutory instrument in parliament, ending a months-long consultation involving intensive lobbying by newspaper owners. Continue reading...

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