Barclay family table £1bn bid to regain control of Telegraph

Family that formerly controlled media group attempt to deter rival bidders with Abu Dhabi-backed offer

• Telegraph auction poses litmus test for value of newspapers

The Barclay family has tabled an offer valuing the Telegraph newspaper group at 1bn in an attempt to deter rival bidders from challenging them before the imminent auction of the influential publications.

The family has secured financing from investors based in Abu Dhabi, in the United Arab Emirates, after talks that began in August.