Telegraph enters bidding war for Express Newspapers

- The battle for Express Newspapers was joined by another contender yesterday with confirmation that Conrad Black's Telegraph Group was considering a bid for the titles.

- The battle for Express Newspapers was joined by another contender yesterday with confirmation that Conrad Black's Telegraph Group was considering a bid for the titles.

News of the interest, confirmed by Hollinger deputy chairman Dan Colson, raises the stakes in the race to pick up the Express, Sunday Express and Daily Star, with any acquisition likely to leave the Telegraph facing a monopoly probe.

The emergence of a Telegraph bid coincided with the news that rival contenders David Montgomery and the Hinduja brothers might consolidate their bids in an attempt to provide both the cash and expertise necessary to turn the titles around.

A rival offer from Press Holdings, that would probably see the titles pass into the growing newspaper empire of Andrew Neil, remains on the table. A venture capitalist firm, Apax, is also believed to be looking into a bid through former Express and Telegraph senior executive Stephen Grabiner.



Topics