Billionaire Leon Black in Talks To Back Bid for U.K.'s Telegraph

Leon Black, the co-founder and former chairman and chief executive of Apollo Global Management, is in talks to become the anchor investor behind the planned purchase of the U.K.'s Daily Telegraph newspaper.

- Ben Dummett And Caitlin McCabe

The billionaire investor, if the deal goes ahead, would be a major player in a consortium.

These backers would provide funding to help David Efune, the owner and publisher of the