Telegraph takeover: Zucker ‘would have done bid differently’ in hindsight

CEO of consortium that walked away from bid said he should have closed deal for Spectator magazine right away'

The US businessman who fronted a UAE-backed consortium's failed 600m attempt to buy the Telegraph group has said he should have taken a different approach to the deal and immediately snapped up the Spectator magazine, after the takeover collapsed under political pressure.

Jeff Zucker, a former CNN chief executive, now runs RedBird IMI, which last week announced it was walking away from its planned deal for the newspaper group after saying the transaction was no longer feasible" because of new legislation that would block foreign states from owning newspaper assets in the UK.