“Nothing has ever seemed quite normal about the situation of the Telegraph Media Group,” said analysts at Enders. [ Daily Mail owner strikes £500m deal to buy TelegraphOpens in new window ]For many, the new merger will seem a perfect fit. Ellison was wondering, they say, why his partner was dedicating time to a £500 million acquisition of a UK newspaper when a $70 billion (€61 billion) mega-deal that would transform Hollywood was on the table. “He was spending too much time on the Telegraph when at the same time trying to put down billions in the US,” said a person close to the investment group. “The financial details are still being worked on,” said one person close to the situation.
