Lord Saatchi Weighs Consortium Bid for Telegraph, Sky Reports

Maurice Saatchi, a member of the House of Lords, is discussing the possibility of setting up a consortium to bid for The Daily Telegraph, Sky News reported Saturday.

Lord Saatchi, who’s one of the founders of London-listed advertising company M&C Saatchi, could team up with Lynn Forester de Rothschild, a former director of The Economist Group, Sky added citing unidentified people familiar with the matter.