Source close to process says there are concerns offer could have ‘chilling affect’ on auction for media group
Bidders for the Telegraph are concerned the Barclay family’s £1bn “back door” offer could have a “chilling effect” on the official auction, according to a source close to the process.
On Monday, the Barclays confirmed that they would make a £1bn Middle Eastern-backed offer to keep control of the Telegraph and Spectator titles. The business was seized by Lloyds bank in June after the family failed to reach an agreement over unpaid debt, at a hearing in the British Virgin Islands.
