A vehicle run by Jeff Zucker, the former CNN chief, is backing the Barclay family’s £1bn-plus bid to regain control of The Daily Telegraph.
Sky News can exclusively reveal that RedBird IMI, a media and sports investment fund, has agreed to back a new offer from the Barclays submitted to Lloyds Banking Group this week which proposed repaying a £1.15bn debt in full.
City sources said on Friday that the latest offer from the newspaper’s long-standing owners would have to be seriously considered by Lloyds.
Read more: https://news.sky.com/story/ex-cnn-chief-zucker-backs-barclays-1-15bn-telegraph-bid-13010135
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