Lord Rothermere is second potential suitor to turn to oil-rich region for financial support
The owner of the Daily Mail has tapped Middle Eastern investors about potentially backing his bid for the Telegraph, the second prospective suitor known to have turned to the oil-rich region for financial support.
The auction of the Telegraph and Spectator titles, which is being led by Goldman Sachs on behalf of Lloyds Bank, is expected toRothermere, who took DMGT private in 2021, has previously considered a plan to takeover the Telegraph as part of a consortium, although the structure of any takeover deal would trigger plurality and competition investigations.
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