U.S. billionaire Ken Griffin, founder of the Citadel hedge fund, is in talks to help fund a transatlantic takeover bid for the Telegraph that's being led by...
U.S. billionaire Ken Griffin, founder of the Citadel hedge fund, is in talks to help fund a transatlantic takeover bid for the U.K.’s Telegraph newspaper that is being led by Paul Marshall of the London-based hedge fund Marshall Wace, the Telegraph reported.
The Barclay family offered to buy back the Telegraph and the weekly magazine the Spectator, which was also seized by Lloyds, the report said, but their $775 million bid was rejected. The Spectator is expected to be sold off in a separate auction, according to the Financial Times. The 54-year-old is worth roughly $35.4 billion, according to Forbes, which ranked him at No. 35 on its 2023 list of billionaires, meaning he is the world’s richest hedge-fund manager.
Griffin, whose hedge fund profited as a market maker during the so called meme-stock craze in 2021, is depicted in the new movie “Dumb Money.”
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