CVC Capital Partners has joined the bidding process for The Telegraph newspaper. The publication has been without an owner since June 2023, when Lloyds Bank seized The Telegraph and The Spectator to offset the Barclay family’s £1.16 billion (€1.38 billion) debt. Although RedBird IMI, an investment fund linked to UAE rulers, paid the debt, new legislation prevented them from taking over the newspapers.

CVC, a private equity firm managing £164 billion (€195.47 billion) and holding stakes in Premiership Rugby and the Six Nations, is now preparing for discussions. However, sources indicate that negotiations are not yet finalized, and there is no certainty that CVC will make a firm offer. This marks CVC's second interest in The Telegraph; in 2004, they considered backing a bid by Daily Mail owner Lord Rothermere, but the Barclays ultimately acquired the newspaper.

Lord Rothermere has since withdrawn from the current bidding process. If CVC proceeds, they are expected to offer less than the £510 million (€608.2 million) that RedBird IMI paid in December 2023.