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New York Sun publisher bids £500m in cash for Telegraph
The Observer
|February 22, 2026
Dovid Efune, publisher of the New York Sun, has secured last-minute backing from German news giant ‘Axel Springer in an attempt to revive his previously failed bid for the Daily Telegraph.
Springer, which publishes Germany's bestselling newspaper, the right-leaning Bild, as well as the more traditionally conservative Die Welt, offers cash and enormous expertise as one of Europe's largest newspaper owners. It joins Baltimore Sun owner David Smith and Reform-backing hedge fund manager and steam train enthusiast Jeremy Hosking in supporting Efune, allowing him to offer £500m, largely in cash.
Dit verhaal komt uit de February 22, 2026-editie van The Observer.
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