New York Sun Owner Dovid Efune Nears £550 Million Deal for Telegraph

Efune is in advanced talks with RedBird IMI to acquire the UK newspaper, outbidding other contenders.

Dovid Efune, owner of the New York Sun, is close to finalizing a deal to purchase the Telegraph for over £550 million.
Efune has entered exclusive negotiations with RedBird IMI, the current owner, after offering the highest bid among competitors.
The sale process was initiated after the UK government blocked RedBird IMI's acquisition due to concerns over UAE influence.
Efune's financial backing includes prominent US investors, and he aims to maintain the Telegraph's editorial independence.
Other potential buyers, such as National World and former UK chancellor Nadhim Zahawi, have been outbid in this process.