Published on 5 Jan 2024 on PA Media: Money via Yahoo Finance
Telegraph bidder vows Abu Dhabi will be ‘passive investor’
The company which is bidding to own The Daily Telegraph has said the newspaper’s journalists would have complete editorial freedom from its backers in Abu Dhabi.
Former CNN executive Jeff Zucker, who is leading the bid, told the BBC that United Arab Emirates deputy prime minister Sheikh Mansour bin Zayed bin Sultan al-Nahyan would be a “passive investor”.
The sheikh is providing around three quarters of the money needed to buy the newspaper title and its sister publication The Sunday Telegraph.