Saatchi bids £350m for Telegraph, offer rejected

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Former advertising mogul Lord Saatchi has accused the potential new owners of The Daily Telegraph of overpaying for the title, after his offer of £350 million was rejected. Sources have revealed that Lord Saatchi and Lady Lynn Forester de Rothschild, a former director of The Economist Group, did not make it to the second round of the auction for the right-leaning newspaper…

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