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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Daily Mail owner looks to Middle Eastern backers over Telegraph bid

Daily Mail Rothermere Rupert Murdoch News UK DMGT Alexander Lebedev Barclays Frederick Barclay Lloyds Sean Walsh Spectator
Lord Rothermere
Lord Rothermere has reportedly not reached a formal agreement with any potential investor from the Middle East. Photograph: Iain Crockart/DMGT/PA

The owner of the Daily Mail has tapped Middle Eastern investors about potentially backing his bid for the Telegraph, the second prospective suitor known to have turned to the oil-rich region for financial support in a forthcoming auction of the leading Conservative newspaper.

Lord Rothermere, the owner of the Daily Mail and General Trust (DMGT) media group whose brands include the Daily Mail, MailOnline, Metro, the i and New Scientist, confirmed it had held talks but not reached a formal agreement with any investor from the region.

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