Monday, July 6, 2009

Cubs Sale Finalized for Tribune Co.

Tribune Co. has finalized a deal to sell the Chicago Cubs to a bidding group led by bond salesman Thomas Ricketts.

Documents describing the fully financed deal were sent to Major League Baseball over the weekend, a source familiar with the negotiations said Monday. The value of the deal is between $850 million and $900 million, the source said. [Click for MORE]

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