Todd Boehly is considering a bid to buy National World, the publisher of The Scotsman and Yorkshire Post.
That’s despite shareholders at National World approving the acquisition by Media Concierge last month.
Today National World released a statement following speculation about an approach from Boehly’s Eldridge Media Holdings, LLC (“EMH”).
“The Company has received confirmation that EMH is considering making a proposal to acquire the entire issued and to be issued share capital the Company but to date no details of any such proposal has been received by the National World Board (including as to its possible terms, timing or process for implementation) (the “Possible Competing Offer”).
“National World reminds shareholders that the recommended scheme of arrangement relating to the acquisition for the entire issued and to be issued share capital of the Company by Neo Media Publishing Limited (“Bidco”), a newly incorporated company wholly-owned by Media Concierge (Holdings) Limited (the “Scheme”) was approved by National World Shareholders on 13 February 2025. However, the Company acknowledges, for the purposes of the Takeover Code, that it is in receipt of an approach from EMH regarding a possible offer.”
READ MORE – Shareholders at Scotsman and Yorkshire Post publisher approve acquisition
It added that it would “consider the terms of any proposal put forward by EMH that may deliver superior value to National World Shareholders.”
The publisher also confirmed that there were no updates regarding the timetable for the Media Concierge deal.
According to reports, Boehly’s bid is seen as precursor to a possible offer for the Daily Telegraph and Sunday Telegraph, which have been up for sale for almost 2 years.
