Todd Boehly Explores Joint Telegraph Bid and National World Acquisition
Discussions with David Montgomery and interest in National World signal potential media consolidation as Telegraph sale remains unresolved.
- Todd Boehly and David Montgomery are in tentative talks about a joint bid for The Telegraph, potentially combining it with National World.
- Boehly's Eldridge Media Holdings has expressed interest in acquiring National World, which is already subject to a £65.1 million approved bid by Media Concierge.
- The Telegraph auction, managed by Raine Group and Robey Warshaw, continues as RedBird IMI seeks to sell the asset after regulatory challenges blocked its initial acquisition.
- Dovid Efune, who previously had exclusivity on a Telegraph bid, remains interested despite earlier financing setbacks.
- Regulatory and financial complexities, along with competing bids, highlight broader trends of media consolidation in the UK and US markets.