Proactive Investors - Another hat has been thrown into the ring to buy the Telegraph, according to reports, with GB backer and hedge fund tycoon Paul Marshall said to have hired bankers to look the business over.
Telegraph Media, which owns the Spectator as well as the Daily and Sunday versions, is currently owned by Lloyds (LON:LLOY) Bank, which took control after owners the Barclay family defaulted on a loan in June.
Lloyds vowed to put the business up for sale as soon as possible with a number of names already said to be interesting including Mail owner Lord Rothermere and former Mirror boss David Montgomery.
Sky News said bank Moelis has been hired to advise Marshall ahead of the newspaper's auction later this year.
The report also said the Barclay family was working on a way to pay off Lloyd and get control of the titles back using funds from the Middle East.
By going down this route, the bank would avoid the need for any competition or regulatory scrutiny over its ownership.
Even if it is only under a caretaker owner currently, TMG is thriving with online subscriptions soaring and costs said to be under control.