U.S. publisher Dovid Efune in exclusive talks to acquire Telegraph Media Group for £550m, pending UK regulatory approval.

Dovid Efune, a publisher based in the U.S., is in exclusive negotiations to acquire the Telegraph Media Group for approximately £550 million. This follows the UK government's blockage of a previous acquisition by an Abu Dhabi-backed fund due to free speech concerns. Efune has six weeks to finalize the deal and is reportedly seeking financial backing from various sources. Approval from UK regulators will be required for the transaction to proceed.

October 14, 2024
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