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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

US billionaire in talks with GB News co-owner over Telegraph bid

GB News Ken Griffin Paul Marshall Citadel Spectator Barclay Lloyds Banking Group
Daily Telegraph newspaper in a letterbox
Lloyds Banking Group seized control of the Telegraph and Spectator in June after the owners failed to reach an agreement over debt repayments. Photograph: Martin Godwin/The Guardian

The American billionaire Ken Griffin, the founder of the Citadel hedge fund, is in discussions to join a group of investors led by Sir Paul Marshall, the co-owner of GB News, that is preparing a bid to buy the Telegraph.

Marshall, the founder of the London-based hedge fund Marshall Wace, is planning a bid through his UnHerd Ventures media group before an auction of the Telegraph and Spectator titles that is expected to begin in the coming weeks.

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