No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Private equity giant CVC is running a slide rule over The Telegraph, it was reported on Wednesday, the latest potential bidder to show an interest in the UK newspaper.
The Telegraph was put for sale for the second time in 12 months earlier this year, after an attempt by Abu Dhabi-backed RedBird IMI to take control was blocked by the government.
RedBird IMI is therefore now looking to offload the newspaper and its sister title, political magazine The Spectator.
According to The Telegraph itself, which first reported the story, CVC would support the current management as well as efforts to prioritise online news.
It is also understood to be open to maintaining RedBird IMI as a passive, minority shareholder, the newspaper noted.
Amsterdam-listed CVC, the backer of Six Nations Rugby, declined to comment.
CVC first considering backing a takeover of the Telegraph back in 2004, when it was sold to the Barclay brothers.
The family lost control of the business last year, in a long-running dispute with Lloyds Banking Group over unpaid debts of more than 1bn.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.