Mark Kleinman: AA float needs smart pricing to avoid breakdown Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly Morning Wire column Here’s a candidate for toughest IPO mandate in the City: return the venerable AA, the UK’s biggest breakdown recovery service, to the public markets roughly five years after it was taken private for a fraction of [...]
Mark Kleinman: Hold the Telegraph front page – then hold it some more Opinion Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly Morning Wire column. This week he tackles the Telegraph bid, Mike Ashley’s failed Boohoo approach and an oil deal in the North Sea I suspect you’d have got long odds on January 1 on the auction of The Daily [...]
Behind the bid: Dovid Efune’s shot at The Telegraph hangs in the balance Media As he took to the stage in New York to address the Algemeiner Journal’s annual gala last year, Dovid Efune was in a resolute mood. Fewer than two weeks had passed since the October 7 massacre, and the Jewish newspaper’s executive chairman – and owner of the New York Sun – opened his speech with [...]
Telegraph frontrunner has ‘high confidence’ in bid despite losing backer November 14, 2024 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 [...]
US bidder Dovid Efune set to buy Telegraph for £550m next week October 6, 2024 Dovid Efune, the owner of the New York Sun, is reportedly on the verge of buying The Daily Telegraph and its Sunday title for £550m, with signs a deal could be inked as early as next week. This weekend, Efune was engaged in advanced discussions with Redbird IMI, the current proprietor of the British broadsheet, although [...]
Sir Paul Marshall pulls out of race to own Telegraph September 29, 2024 Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.