Nadhim Zahawi Eyes £600m Bid for Telegraph and Spectator

Former chancellor seeks financial backing for acquisition amid competitive auction process

Zahawi, who recently stepped down as a Conservative MP, is in talks with potential investors including the Reuben family.
The Telegraph and Spectator were put up for sale after an Abu Dhabi-backed bid collapsed due to new UK legislation.
Other interested parties include Rupert Murdoch’s News UK and GB News owner Sir Paul Marshall.
The auction's first stage has concluded with up to 20 bids submitted; a second stage is set to begin soon.
Zahawi previously played a key role in brokering deals involving the Telegraph's former owners, the Barclay family.