-National World said on Friday soccer club Chelsea's co-owner, Todd Boehly, has confirmed he was considering making a proposal to buy the British media company. The company said it has received
Chelsea's Todd Boehly Eyes Acquisition of National World
-National World said on Friday soccer club Chelsea's co-owner, Todd Boehly, has confirmed he was considering making a proposal to buy the British media company.
The company said it has received confirmation of a potential offer from Boehly's Eldridge Media Holdings (EMH), without any details of possible terms, timing or process for implementation.
Sky News reported earlier in the day that Boehly and National World founder David Montgomery were in talks about a joint offer for the Daily Telegraph.
National World had already agreed to a takeover offer from a unit of media company Media Concierge (Holdings) Ltd last month.
The company, however, said it would "consider the terms of any proposal put forward by EMH that may deliver superior value to National World shareholders".
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Shilpi Majumdar)
