Telegraph frontrunner has ‘high confidence’ in bid despite losing backer Media The frontrunner in the race to buy The Telegraph has maintained that his bid for the paper is still on track despite one of his key backers withdrawing its financial support. Dovid Efune, the British owner of the New York Sun, had entered exclusive talks to buy The Telegraph Media Group last month after trumping [...]
Daily Mail owner pulls out of Telegraph race due to ‘overly restrictive’ new rules Media Daily Mail owner DMGT has pulled out of the race to own the Telegraph conceding that it would become embroiled in a protracted and knotty process with competition authorities, blaming to updated governing rules and the "new government".