The Public Interest Merger Reference (Telegraph Media Group Limited) (Pre-emptive Action) Order 2024
On 26th January 2024, the Secretary of State gave the Competition and Markets Authority and Ofcom an intervention notice on public interest grounds under section 42 of the Enterprise Act 2002 (c. 40) (“the Act”) in respect of the anticipated acquisition of the Telegraph Media Group Limited (“Telegraph Media Group”), Telegraph Media Group Holdings Limited (“Telegraph Media Group Holdings”), or the business or assets (including any shares in subsidiary undertakings) of Telegraph Media Group or Telegraph Media Group Holdings by RB Investco Limited, and/or any of its parent undertakings, subsidiary undertakings or interconnected undertakings or any of its assignees, transferees or successors in title (“the 2024 intervention notice”). An intervention notice on public interest grounds was also given to the Competition and Markets Authority and Ofcom on 30th November 2023, in respect of an associated merger, namely the anticipated acquisition of the Telegraph Media Group by RedBird IMI Media Joint Venture LLC (“the 2023 intervention notice”).