The British-born newspaper-owner whose takeover of The Daily Telegraph appears to have been thwarted by a £500m deal with RedBird Capital Partners has called on the title’s stakeholders to rally behind his bid instead.
In an opinion piece to be published later on Friday, Dovid Efune, publisher of The New York Sun, will say that his offer is “now within sight of the finish line, with the bulk of the needed funding committed”.
Mr Efune has been assembling a bid for the right-leaning newspapers for months, with a series of funding options having been explored.
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He now has backing from Nadhim Zahawi, the former Conservative Cabinet minister whose interest in the Telegraph was revealed last year by Sky News, and Jeremy Hosking, a prominent and wealthy City investor.
In his opinion piece, Mr Efune described the Telegraph as a “crown jewel”, adding that British journalism was the envy of the world.
“It is no coincidence that a meaningful portion of America’s largest newsrooms are run by British journalists,” he wrote in a piece shared exclusively with Sky News.
“These include the Wall Street Journal, the Washington Post and CNN.
“You might say…
