Any thoughts on KG joining the bid for The Telegraph?
What do you guys think about Ken potentially buying the Telegraph? Is it a legit American publication in the UK? Is it like the WSJ or New York Post?
“Bloomberg reported today that billionaire Ken Griffin, founder of Citadel & Citadel Securities, has joined fellow hedge fund manager by Paul Marshall in a bid to take over the UK’s Telegraph Media Group.
On September 12, it was announced that Paul Marshall, founder of London-based hedge fund Marshall Wace, hired the investment bank Moelis to advise on a bid for the Daily and Sunday Telegraph newspapers. Griffin is joining Marshall and a consortium of investors to provide financing for the deal. The bid will be made through Marshall’s UnHeard Ventures.
Former Telegraph Editor and one-time Prime Ministerial adviser William Lewis will also be placing a competitive bid for the media company. The sale comes after it was reported in June that the publisher's owners failed to repay loans.” - BuysideInsiders
