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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Frontrunner in Telegraph newspaper takeover bid accuses rivals of hypocrisy

A person lifts a Daily Telegraph off a shop counter
The Telegraph newspapers and Spectator magazine are on offer in exchange for repaying £1.15bn of debts the Barclay family owe Lloyds Banking Group. Photograph: Bloomberg/Getty Images

The US boss of the Abu Dhabi-backed company that is the frontrunner to acquire the Telegraph newspapers has accused rival bidders of hypocrisy and reiterated a pledge to the UK government that he would guarantee the newspaper’s editorial independence.

The bid is being fronted by Jeff Zucker, a former chief executive of CNN who now runs RedBird IMI, which is mostly funded by Sheikh Mansour bin Zayed Al Nahyan, the vice-president of the United Arab Emirates and owner of Manchester City football club.

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