Mohammad Zahoor, a United Kingdom citizen who owns the ISTIL Group, has purchased the Kyiv Post in a deal valued by Dragon Capital investment bank at roughly $1.1 million.
Zahoor bought the newspaper, Ukraine’s top English-language news publication since 1995, from its founder and only owner, American Jed Sunden. Sunden announced the sale at a noon meeting on July 29to Kyiv Post staff members. Zahoor was not present.
However, in announcing the acquisition, Zahoor pledged to continue and strengthen Kyiv Post traditions of independent and investigative journalism.