New York Sun Owner Frontrunner in Telegraph Auction as Deadline Nears

Dovid Efune's £550m bid is favored, with competition from Sir Paul Marshall and other high-profile bidders.

• Dovid Efune, owner of the New York Sun, is seen as the leading candidate to acquire the Daily and Sunday Telegraph with a bid of around £550 million.
• Efune's bid is backed by financial heavyweights including Oaktree, Hudson Bay Capital, and Michael Leffell's family office.
• Sir Paul Marshall, who recently purchased The Spectator for £100 million, is also in the running, supported by US billionaire Ken Griffin.
• Other potential bidders include David Montgomery's National World and former Chancellor Nadhim Zahawi, who is seeking Middle Eastern financial backing.
• The Telegraph's current owner, RedBird IMI, is selling the titles after a previous government veto over foreign state ownership concerns.

5 Articles

Evening Standard The Guardian The Independent BBC Evening Standard