The owner of The New York Sun, a right-leaning American newspaper, is weighing a surprise bid to become the new owner of The Daily Telegraph.
Sky News has learnt that Dovid Efune, who acquired the former daily broadsheet in 2021, has expressed an interest in acquiring one of Britain’s most influential daily newspapers and its Sunday sister title.
Mr Efune is also chairman of The Algemeiner, a Jewish newspaper originally published in Yiddish but which now appears in English.
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Mr Efune is being advised by the boutique investment bank Liontree while on Wednesday evening, Semafor, a US news outlet, reported that he had financial backing from Oaktree and Hudson Bay Capital, as well as the family office of hedge fund manager Michael Lefell.
The Daily and Sunday Telegraph are expected to change hands for between £400m and £500m.
A deadline for formal bids has been set for September 27, with National World, the London-listed vehicle headed by David Montgomery, and Sir Paul Marshall – who this week paid £100m for The Spectator – also among the likely bidders.
Mr Efune has not been publicly linked to the process until now, although industry sources said he first began exploring an offer when the original auction of the Telegraph titles kicked off last year.
One source said a management presentation had been scheduled for him with Telegraph executives.
In an opinion article published earlier this year, Mr Efune wrote: “At the Sun, we hold the view that the opportunity remains greater than ever for any newspaper that is compiled with a view to…
