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Zahawi Aids Efune's Telegraph Takeover Bid
Nadhim Zahawi aids Dovid Efune's bid to acquire The Daily Telegraph for approximately \u00a3550 million, potentially profiting RedBird IMI.
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United Kingdom
PoliticsUkFinanceInternational TradeBusinessMediaTakeover
The Daily TelegraphNew York SunRedbird ImiMan CapitalLloyds Banking Group
Nadhim ZahawiDovid EfuneSir Mohamed MansourSheikh Mansour Bin Zayed Al NahyanConrad Black
- What is the potential profit for RedBird IMI in this deal?
- RedBird IMI, the Abu Dhabi-backed entity, stands to profit from this deal; they previously acquired a call option for \u00a3600 million.
- Who is facilitating the potential takeover of The Daily Telegraph?
- Nadhim Zahawi, former Conservative chancellor, is facilitating discussions for Dovid Efune's takeover of The Daily Telegraph, a deal potentially worth around \u00a3550 million.
- Who are some of the other bidders who were interested in acquiring the Telegraph?
- Other bidders for the Telegraph included National World, Lord Saatchi, and Lord Rothermere, but the latter withdrew due to competition concerns.
- What is the potential role of Nadhim Zahawi in the Telegraph if the takeover is successful?
- If the takeover is successful, Zahawi is expected to have an ongoing role at the Telegraph; his connections to Gulf-based figures played a role in the deal.
- Who is the current owner of the New York Sun, and who is he seeking funding from for this acquisition?
- Dovid Efune, owner of the New York Sun, is seeking funding from Sir Mohamed Mansour, a former Tory treasurer, for the Telegraph acquisition.