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Pre-emptive Action Order - Telegraph Media Group

31 January 2024

Proposing MP
Lucy Frazer Con
South East Cambridgeshire
Type
Written Ministerial Statement
Department
Department for Culture, Media and Sport
View on Parliament.uk -->

At a Glance

Issue Summary

The Minister issued a Pre-emptive Action Order to address concerns about the anticipated acquisition of Telegraph Media Group by RB Investco Limited, under the Enterprise Act 2002.

Action Requested

I have made an Order preventing actions that might prejudice the process or impede my ability to protect the public interest during the merger period. This Order came into force at 11am on January 30, 2024, and revokes a previous order dated December 1, 2023.

Key Facts

  • A Public Interest Intervention Notice (PIIN) was issued on January 26 in relation to the acquisition of Telegraph Media Group Ltd (TMG) by RB Investco Limited.
  • A PIIN remains in force from November 30 regarding TMG's anticipated acquisition by Redbird IMI Media Joint Venture.
  • The Order prohibits transfer of ownership or control of TMG without prior written consent and requires parties to ensure no steps are taken to integrate TMG with any other enterprise.
  • This Order came into effect at 11am on January 30, 2024.
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