Barclay brothers set to battle for Telegraph

THE British billionaire businessmen the Barclay brothers are set to rejoin the battle for control of the Telegraph newspaper.

According to reports yesterday, the brothers are considering a renewed attempt to buy the Telegraph newspapers. A previous bid by David and Frederick Barclay to buy the 30% stake in Hollinger Incorporated owner of the Telegraph titles owned by Conrad Black was rejected by a US judge last week as unfair to other shareholders in Hollinger.

Reports yesterday said the Barclays may partner with a private equity firm to bid for the assets of Hollinger International.