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Do not fill this in! === 2023β2024 takeover bid === In June 2023, ''[[The Guardian]]'' and other newspapers reported that, following a breakdown in discussions relating to a financial dispute, [[Lloyds Bank]] was planning to take over control of the companies owning the ''Telegraph'' titles and the ''[[The Spectator|Spectator]]'' and sell them off.<ref>{{Cite news |last=Sweney |first=Mark |date=2023-06-06 |title=Telegraph parent company faces being put into administration |language=en-GB |work=The Guardian |url=https://www.theguardian.com/media/2023/jun/06/telegraph-parent-company-faces-being-put-into-administration |access-date=2023-06-07 |issn=0261-3077 |archive-date=7 June 2023 |archive-url=https://web.archive.org/web/20230607105419/https://www.theguardian.com/media/2023/jun/06/telegraph-parent-company-faces-being-put-into-administration |url-status=live }}</ref><ref>{{Cite web |last=Kleinman |first=Mark |date=7 June 2023 |title=Lloyds to launch Β£600m Telegraph auction after seizing control |url=https://news.sky.com/story/lloyds-to-launch-600m-telegraph-auction-after-seizing-control-12897863 |access-date=2023-06-07 |website=Sky News |language=en |archive-date=7 June 2023 |archive-url=https://web.archive.org/web/20230607105131/https://news.sky.com/story/lloyds-to-launch-600m-telegraph-auction-after-seizing-control-12897863 |url-status=live }}</ref><ref>{{Cite web|url=https://www.google.com/search?q=the+daily+telegraph+lloyds+bank|title=the daily telegraph lloyds bank - Google Search|website=www.google.com}}</ref> Representatives of the Barclay family have described the reports as "irresponsible".<ref>{{Cite web |last=Ponsford |first=Dominic |date=2023-06-07 |title=Barclay family says reports Telegraph will enter administration are 'unfounded' |url=https://pressgazette.co.uk/publishers/telegraph-administration-barclays/ |access-date=2023-06-07 |website=Press Gazette |language=en-US |archive-date=7 June 2023 |archive-url=https://web.archive.org/web/20230607111027/https://pressgazette.co.uk/publishers/telegraph-administration-barclays/ |url-status=live }}</ref> By October 20, a sale of the publications had been initiated after bankers seized control. Lloyds appointed receivers and started shopping the brands to bidders.<ref>{{Cite web |last=Seal |first=Thomas |date=2023-10-20 |title=Telegraph and Spectator Boards Kick Off Sale Process |url=https://www.bloomberg.com/news/articles/2023-10-20/telegraph-and-spectator-auction-starts-to-recoup-lloyds-debt |access-date=2023-10-20 |website=Bloomberg |language=en-US |archive-date=20 October 2023 |archive-url=https://web.archive.org/web/20231020082109/https://www.bloomberg.com/news/articles/2023-10-20/telegraph-and-spectator-auction-starts-to-recoup-lloyds-debt |url-status=live }}</ref> In November 2023, Conservative lawmakers raised the national security concerns, and pushed the government to investigate into the [[United Arab Emirates]] government's support to the Barclay family to reclaim ''The Telegraph''. The Barclay family was ready to repay the loan of Β£1 billion to Lloyds Bank, after it was helped through the loan from RedBird IMI, a joint venture between RedBird-Capital partner and the UAE-based International Media Investment, to regain ''The Telegraph''. The UK lawmakers said the UAE royal family's hold on ''The Telegraph'' may be "a risk to our national security".<ref>{{Cite news |last1=Wickham |first1=Alex | date=2023-11-19 |title=MPs Raise National Security Concerns Over UAE-Backed Telegraph Offer |language=en |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2023-11-19/uk-lawmakers-raise-national-security-concerns-over-uae-backed-telegraph-offer?leadSource=uverify%20wall |access-date=2023-11-26}}</ref> The possibility that an association backed by Abu Dhabi could own an important British newspaper group worried representatives of all parties, together with [[human rights]] campaigners, since the UAE does not respect [[freedom of speech]], also detains activists, academics and lawyers.<ref>{{cite web |last1=Thorpe |first1=Vanessa |last2=Savage |first2=Michael |title=Tory concern grows over potential sale of Telegraph titles to Abu Dhabi |url=https://www.theguardian.com/media/2023/nov/26/tory-concern-grows-over-potential-sale-of-telegraph-titles-to-abu-dhabi |website=[[The Observer]] |access-date=11 December 2023 |date=26 November 2023 |archive-date=11 December 2023 |archive-url=https://web.archive.org/web/20231211003557/https://www.theguardian.com/media/2023/nov/26/tory-concern-grows-over-potential-sale-of-telegraph-titles-to-abu-dhabi |url-status=live }}</ref> The culture secretary [[Lucy Frazer]] issued a public interest intervention notice on 30 November<ref>{{cite web |title=Intervention Notice Given Pursuant To Section 42 Of The Enterprise Act 2002 Anticipated Acquisition Of The Telegraph Media Group Limited By RedBird IMI |url=https://assets.publishing.service.gov.uk/media/6568a8e82ee693000d60cb8f/Public_Interest_Intervention_Notice.pdf |website=[[Gov.uk]] |access-date=3 December 2023 |archive-date=1 December 2023 |archive-url=https://web.archive.org/web/20231201100822/https://assets.publishing.service.gov.uk/media/6568a8e82ee693000d60cb8f/Public_Interest_Intervention_Notice.pdf |url-status=live }}</ref> preventing the group from taking over without further scrutiny from the media regulator [[Ofcom]] over potential breaches of media standards.<ref>{{cite news |title=UK Government Halts Jeff Zucker Telegraph Deal To Perform Investigation |url=https://www.mediaite.com/uk/government-halts-jeff-zucker-telegraph-deal-to-perform-investigation/ |access-date=3 December 2023 |work=[[Mediaite]] |date=1 December 2023 |archive-date=3 December 2023 |archive-url=https://web.archive.org/web/20231203065117/https://www.mediaite.com/uk/government-halts-jeff-zucker-telegraph-deal-to-perform-investigation/ |url-status=live }}</ref><ref>{{cite news |title=UK bars Abu Dhabi-backed group from acquiring Telegraph, pending review |url=https://www.reuters.com/business/media-telecom/uk-bars-abu-dhabi-backed-group-acquiring-telegraph-pending-review-2023-12-01/ |access-date=3 December 2023 |work=Reuters |date=1 December 2023 |archive-date=2 December 2023 |archive-url=https://web.archive.org/web/20231202092210/https://www.reuters.com/business/media-telecom/uk-bars-abu-dhabi-backed-group-acquiring-telegraph-pending-review-2023-12-01/ |url-status=live }}</ref> Conservative MPs also called on Oliver Dowden, Deputy PM of the UK to use the National Security and Investment Act to investigate the Emirati takeover.<ref>{{Cite news |last=Cahill |first=Helen |date=2023-12-19 |title=MPs step up pressure on Dowden to intervene in UAE Telegraph bid |language=en |work=The Times |url=https://www.thetimes.co.uk/article/mps-step-up-pressure-on-dowden-to-intervene-in-uae-telegraph-bid-lnxlbgr8l |access-date=2023-12-31 |archive-date=31 December 2023 |archive-url=https://web.archive.org/web/20231231113900/https://www.thetimes.co.uk/article/mps-step-up-pressure-on-dowden-to-intervene-in-uae-telegraph-bid-lnxlbgr8l |url-status=live }}</ref> Chairman [[Andrew Neil]] threatened to quit if the sale was approved, saying "You cannot have a major mainstream newspaper group owned by an undemocratic government or dictatorship where no one has a vote."<ref>{{cite news | url=https://www.thetimes.co.uk/article/telegraph-bid-should-be-blocked-says-andrew-neil-5t7lt3zcd | title=Telegraph bid should be blocked, says Andrew Neil | last1=Cahill | first1=Helen | access-date=29 January 2024 | archive-date=29 January 2024 | archive-url=https://web.archive.org/web/20240129151731/https://www.thetimes.co.uk/article/telegraph-bid-should-be-blocked-says-andrew-neil-5t7lt3zcd | url-status=live }}</ref> Fraser Nelson, editor of ''The Spectator'' which would be included in the sale, also opposed the move, saying, "the very reason why a foreign government would want to buy a sensitive asset is the very reason why a national government should be wary of selling them."<ref>{{cite web |last1=Nelson |first1=Fraser |title=Fraser Nelson: governments should never own our press |url=https://www.spectator.co.uk/podcast/fraser-nelson-governments-should-never-own-our-press/ |website=The Spectator |date=26 January 2024 |access-date=31 January 2024 |location=13:38-13:47 |archive-date=31 January 2024 |archive-url=https://web.archive.org/web/20240131084116/https://www.spectator.co.uk/podcast/fraser-nelson-governments-should-never-own-our-press/ |url-status=live }}</ref> The Lords voted a new law, under which restrictions were imposed on foreign governments regarding the ownership of British newspapers and magazines. Under the law, foreign powers, including the UAE, will be allowed up to a 0.1 per cent stake in ''The Daily Telegraph'', ''The Spectator'' and other publications.<ref>{{cite news|title=Lords approve law that would block UAE Telegraph takeover |date=26 March 2024 |url=https://www.telegraph.co.uk/politics/2024/03/26/lords-approve-law-block-uae-telegraph-takeover/ |access-date=27 March 2024}}</ref><ref>{{cite news|title=The UAE bid for The Spectator is over |date=26 March 2024 |url=https://www.spectator.co.uk/article/uae-bid-spectator-unsuccessful-parliament/ |archive-url=https://web.archive.org/web/20240327120534/https://www.spectator.co.uk/article/uae-bid-spectator-unsuccessful-parliament/ |archive-date=27 March 2024 |access-date=27 March 2024}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. 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