Member

I, for one, very much hope that the DMGT and RedBird IMI transaction can be completed, but, if we get to 15 December and a deal has not been achieved, will the Secretary of State use her powers to take control of the situation? Her doing so would not be ideal, not least because it would involve a lengthy regulatory process, but it would put ownership of the Telegraph on a more certain pathway to resolution than it has been for the last two years, in the absence of RedBird IMI and DMGT meeting that deadline, because it would lead eventually to the CMA holding an open auction without any reserve price.