CVC Capital Partners Eyes First Round Bid for Telegraph Media Group

The private equity firm known for sports investments considers entering the UK news market as initial proposals are due this week.

CVC Capital Partners, managing €186bn in assets, is contemplating a bid for Telegraph Media Group.
The bid would support the existing management team and potentially mark the first private equity ownership of a UK news outlet.
Other potential bidders include Sir Paul Marshall, Lord Saatchi, and National World.
The auction follows the government's block on a previous takeover by an Abu Dhabi-backed fund.
First-round bids are due by Friday, with a final round set for later this summer.