Dovid Efune nears $550m deal to acquire UK's The Telegraph, ending a 16-month pursuit.
Dovid Efune, owner of The New York Sun, is close to finalizing a $550 million deal to acquire the UK newspaper The Telegraph, ending a 16-month pursuit. He is entering exclusive negotiations with RedBird IMI, which previously gained control of The Telegraph after the Barclay family's financial disputes. Efune's higher bid surpasses competitors, easing concerns over foreign ownership. This acquisition marks a significant shift in the British media landscape.
October 06, 2024
17 Articles