Is the Gulf-backed offer for Telegraph ‘essentially dead’?.

According to the news, all alternative bidders have approached Gulf-backed investors about co-investing to minimize the size of Abu Dhabi’s stake.

That may make it more appealing to the many lawmakers and senior journalists at politically significant publications who have expressed worries about the idea of a sale to what they consider a foreign power.

Redbird IMI, the 75%-owned investment fund of Manchester City football club owner Sheikh Mansour, who is also deputy prime minister and vice president of the UAE, planned to assume control of the Daily.