Dovid Efune in Exclusive Talks for Telegraph Acquisition

The potential £550m deal involves former Tory treasurer Sir Mohamed Mansour amidst blocked UAE-backed bid.

Dovid Efune, owner of New York Sun, is negotiating a £550m purchase of The Daily Telegraph and The Sunday Telegraph.
The UAE-backed bid by RedBird IMI was blocked due to concerns over foreign government influence on UK media.
Sir Mohamed Mansour, a former Conservative Party treasurer, is in discussions to fund Efune's acquisition.
Former chancellor Nadhim Zahawi is assisting Efune in securing financial backing for the deal.
Lord Johnson, who supported the UAE bid, has been appointed co-chairman of the Conservative Party.