Zahawi, ex-Tory chancellor, plans bid of £600m for Telegraph newspaper

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Former Conservative chancellor Nadhim Zahawi is reportedly putting together a £600m bid for The Daily Telegraph, potentially disrupting the sale of some of Britain’s most influential media assets. According to sources, Zahawi has approached several billionaires for funding, including the Reuben family and Abu Dhabi-based International Media Investments (IMI), which holds a majority of RedBird IMI.

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