CVC considers takeover bid for The Telegraph following government block on Abu Dhabi deal

The move follows the UK Government’s decision earlier this year to block an attempted acquisition by Abu Dhabi-backed RedBird IMI.

Sources indicate that CVC, known for its investments in sports brands such as the Six Nations and La Liga, is exploring the possibility of submitting a formal bid. However, no final decision has been made, and there is no certainty a bid will materialize.

The deadline for initial proposals to acquire The Telegraph is set for the end of this week, intensifying competition among potential buyers. Reports suggest that the publisher of the Daily Mail recently withdrew from the process, citing regulatory concerns and potential scrutiny from the UK’s competition watchdog. Meanwhile, doubts have surfaced regarding a possible bid from GB News investor Paul Marshall.

Other interested parties reportedly include National World, owner of Insider Media, and former advertising executive Lord Saatchi.

RedBird IMI, which assumed control of The Telegraph and The Spectator last year after settling debts owed by the Barclay family to Lloyds Bank, is now auctioning off the assets following new UK Government legislation aimed at preventing state-backed acquisitions in the media sector. The sale process formally began in March, drawing interest from various bidders looking to secure one of the UK’s most influential newspaper groups.

Source: Insider Media

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