[ad_1]
Bidders for The Daily Telegraph and its Sunday sister title are this week holding their first direct talks with the newspaper group’s bosses ahead of a deadline for formal bids later this month.
Sky News has learnt that the remaining bidders for the right-leaning newspapers are participating in management presentations as they seek to finalise second-round offers.
Sources close to the process said on Tuesday that several parties were scheduled to meet Telegraph executives including CEO Anna Jones and the Daily Telegraph editor, Chris Evans.
Money latest: Cheapest holiday dates until Christmas revealed
They are understood to include Sir Paul Marshall and National World, the London-listed media group run by newspaper veteran David Montgomery.
At least one other party whose identity has yet to be disclosed publicly is also thought to remain in contention to buy the newspapers.
A separate bid orchestrated by Nadhim Zahawi, the former chancellor, is the subject of bilateral discussions with IMI, the Abu Dhabi-based venture which wanted to take a controlling stake in the British media assets before being blocked by the government.
Sky News revealed exclusively last month that Sir Paul was the frontrunner to buy The Spectator, which along with the Telegraph titles was owned by the Barclay family until their respective holding companies were forced into liquidation last year.
A deal for The Spectator is expected to be signed later this week or early next, with one source saying that Sir Paul’s Old Queen Street Ventures vehicle would pay just under £100m to acquire the current affairs magazine.
…
[ad_2]
