Telegraph frontrunner has ‘high confidence’ in bid despite losing backer Media The frontrunner in the race to buy The Telegraph has maintained that his bid for the paper is still on track despite one of his key backers withdrawing its financial support. Dovid Efune, the British owner of the New York Sun, had entered exclusive talks to buy The Telegraph Media Group last month after trumping [...]
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 [...]
Sir Paul Marshall pulls out of race to own Telegraph Media Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.