News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph alongside the UAE-backed investment fund RedBird IMI, Bloomberg News reported Monday, citing people familiar with the matter.

A joint bid by the three would result in a smaller stake for Jeff Zucker’s Redbird IMI, according to the report.

The Abu Dhabi-backed buyout of the paper, which voices opinions within the governing Conservative Party, has provoked fears of foreign influence in news reporting which opponents say could threaten Britain’s democracy.

News Corp, RedBird IMI, the Daily Mail and the Telegraph did not immediately respond to Reuters requests for comment.

News Corp is the parent of the New York Post.