Mortimer Zuckerman, publisher of U.S. News and World Report, is among the latest foreign investors making a bid for a controlling interest in The Jerusalem Post.
Israel Investors Corporation, the Koor subsidiary which holds 55 percent of the shares in the Post, was due Tuesday to begin considering at least nine offers that were received for bids on the majority of shares of Israel’s only English-language daily.
The koor spokesman, Amnon Bar-Noy, told the Post Monday night that “in principle, we will obviously look for the highest price, but there could be other factors involved.”
Reports late Tuesday said an unnamed Canadian investment group had put in the highest bid so far for the controlling interest of the shares.
Israeli media reported that the undisclosed bid was “huge” and “several times higher” than that submitted by a joint Robert Maxwell-Charles Bronfman bid already announced.
But sources said that Maxwell-Bronfman and some of the other bidders might consider indreasing their offers in the days ahead.
In addition to Maxwell-Bronfman, other bids have been made by Australian businessman Richard Pratt, who owns Australia’s leading Jewish weeklies, and U.S.-based Israeli businessman Aryeh Genger, who recently acquired Ha’olam Hazeh.
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