New York Sun owner begins exclusive talks to take over Telegraph
by Aletha Adu and Mark Sweney from World news | The Guardian on (#6RF23)
Talks will trigger six weeks of due diligence to ensure Dovid Efune is suitable to acquire the Daily and Sunday papers
The New York Sun owner, Dovid Efune, has begun exclusive talks to buy the Daily and Sunday Telegraph for about 550m.
Efune, a former editor of the New York-based Jewish publication the Algemeiner Journal, made the highest bid to buy the newspapers last month.
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