1 year ago
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Last ditch attempt by Barclay family to shut down auction with blockbuster £1bn offer thwarted
The sale of the Telegraph newspapers and the Spectator has kicked off, thwarting a last ditch attempt by the Barclay family to shut down the auction with a blockbuster £1bn offer.
On Friday morning, the boards of the parent companies of Telegraph Media Group (TMG), the parent company of the Daily Telegraph and Sunday Telegraph, and the Spectator said that the advisers Goldman Sachs has launched a sales process for each of the businesses.
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