Ken Griffin in Talks With Paul Marshall Over Telegraph Bid
- Alliances are forming for auction set to begin in coming weeks
- Financier behind hedge fund, market maker would add firepower
Ken Griffin
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
US billionaire Ken Griffin may provide financial backing to a consortium led by fellow hedge fund manager Paul Marshall in a bid to take over the UK’s Telegraph Media Group.
The two financiers have discussed Griffin supporting the potential bid which Marshall is preparing to make through his UnHerd Ventures media group, according to people familiar with the matter. Any auction is expected to kick off in the coming weeks.