New York Times Co. sets deadline for potential Globe buyers
Posted by Emily Dilling on July 6, 2009 at 4:59 AM
The Boston Globe's parent company, The New York Times Co., has set a Wednesday deadline for bids to purchase the paper, Editor & Publisher reported.
A letter obtained by The New York Times from Goldman Sachs to potential buyers of the Globe detailed the urgency with which the Times Co. is seeking interested parties. In these early stages, bids from potential buyers would be considered "non binding" initial bids that would help the company decide which interested parties would continue on to a second round of bidding.
Reported potential bidders include the co-owner of the Boston Celtics Stephen Pagliuca, Jack Conners of Partners HealthCare, and former Globe executive Stephen Taylor.
A letter obtained by The New York Times from Goldman Sachs to potential buyers of the Globe detailed the urgency with which the Times Co. is seeking interested parties. In these early stages, bids from potential buyers would be considered "non binding" initial bids that would help the company decide which interested parties would continue on to a second round of bidding.
Reported potential bidders include the co-owner of the Boston Celtics Stephen Pagliuca, Jack Conners of Partners HealthCare, and former Globe executive Stephen Taylor.
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