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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

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

Barclay Barclays Lloyds Paul Marshall Abu Dhabi Axel Springer Sky News Telegraph Media Group TMG
A customer buys a copy of the Daily Telegraph
Lloyds bank took control of Telegraph Media Group in June after the Barclay family failed to reach agreement over more than £1bn in unpaid debt. Photograph: Bloomberg/Getty Images

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.

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