Dovid Efune in Talks to Acquire Telegraph for £550 Million

The New York Sun owner enters exclusive negotiations to buy the historic UK newspaper group, pending regulatory approval.

Dovid Efune, the publisher of The New York Sun, has entered a six-week exclusive negotiation period to purchase the Telegraph Media Group.
The proposed £550 million deal follows the blocking of a previous sale to an Abu Dhabi-backed fund due to government concerns over foreign ownership.
Efune's bid outpaced competitors including National World and hedge fund tycoon Sir Paul Marshall.
The acquisition will undergo scrutiny by UK regulators to ensure it aligns with public interest laws and maintains editorial independence.
Efune is reportedly in discussions with potential financial backers, including the Koch family's Stand Together organization.