New York Sun publisher enters race to buy The Telegraph [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
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Source: Yahoo! Finance
Dovid Efune is leading a consortium of US investors working on an offer for the newspaper, rivalling other bidders including GB news owner Sir Paul Marshall and National World, a local newspaper group run by David Montgomery. Mr Efune made a presentation to Telegraph management on Wednesday and has been asked to submit a second-round offer at the end of the month. His financial backers include asset managers Oaktree and Hudson Bay Capital, the family office of US hedge fund manager Michael Leffell and the investment arm of Canadian real estate developer Beedie, according to Semafor, which first reported the bid. British-born Mr Efune has owned The New York Sun, a conservative title based in Manhattan, since 2021. Before that, he was editor-in-chief of the Algemeiner, which he is credited for transforming from a Yiddish-language print newspaper into a major online news publication for international Jewish news. Mr Efune will now enter the final stages of an ongoing auction,
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- 9/20/24 - Form 6-K
- 9/20/24 - Form 6-K
- 9/19/24 - Form 6-K
- LYG's page on the SEC website