US bidder Dovid Efune set to buy Telegraph for £550m next week Media Dovid Efune, the owner of the New York Sun, is reportedly on the verge of buying The Daily Telegraph and its Sunday title for £550m, with signs a deal could be inked as early as next week. This weekend, Efune was engaged in advanced discussions with Redbird IMI, the current proprietor of the British broadsheet, although [...]
Media mogul Conrad Black reportedly set to back US bid for The Telegraph Media Lord Conrad Black, the media tycoon who owned The Daily Telegraph for nearly two decades, may be set to return to the British broadsheet. Black has been floated as a potential backer of a bid for The Telegraph, led by Dovid Efune, owner of The New York Sun, according to Sky News. One insider suggested [...]
Telegraph sale: Former chancellor Nadhim Zahawi hunts backers for £600m bid Media Zahawi is said to be confident he can submit a competitive bid and wants to boost the Telegraph's profitability by expanding in the US.