-
chevron_right
Telegraph takeover: Zucker ‘would have done bid differently’ in hindsight
news.movim.eu / TheGuardian · Thursday, 9 May - 18:11
CEO of consortium which walked away from bid said he should have closed deal for Spectator magazine ‘right away’
The US businessman who fronted a UAE-backed consortium’s failed £600m attempt to buy the Telegraph group has said he should have taken a “different” approach to the deal and immediately snapped up the Spectator magazine, after the takeover collapsed under political pressure.
Jeff Zucker, a former CNN chief executive, now runs RedBird IMI, which last week announced it was walking away from its planned deal for the newspaper group after saying that the transaction was “no longer feasible” because of new legislation which would block foreign states from owning newspaper assets in the UK.
Continue reading...