Barclay Brothers Win (Pounds) 730m Battle to Buy the Telegraph

The HeraldJune 23, 2004

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Summary


THE billionaire Barclay brothers, who own the Scotsman and London's Ritz hotel, last night bought the Telegraph newspaper group for (pounds) 729.5m.

The brothers had been neck and neck with UK venture capital group 3i, which had a US partner, advised by David Montgomery, former Mirror and News of the World editor.

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Extract


Barclay Brothers Win (Pounds) 730m Battle to Buy the Telegraph

Both sides had submitted offers to Hollinger Intern...

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