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

  • The UK government will allow foreign states to own stakes of up to 15% in British newspapers, potentially ending uncertainty over the ownership of the Telegraph titles.
  • The limit announcement is expected through the introduction of a new statutory instrument in parliament, following consultations and lobbying by newspaper owners.
  • A 15% ownership cap could pave the way for RedBird Capital's deal to acquire the Daily and Sunday Telegraph, resolving concerns raised over ownership by foreign entities.
  • The decision on the 15% threshold comes after considerations of a 5% to 10% cap, with lobbying by major newspaper groups like News UK and Daily Mail & General Trust influencing the final ruling.

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