A Maryland hotel executive is trying to assemble new financing for a $680 million offer to buy Tribune Publishing after his partner, a Swiss billionaire, pulled out of the bidding for the newspaper chain.
Wyss told Bainum that it would require too much investment to turn the chain’s flagship Chicago Tribune into a nationwide publication, according to the person, who spoke anonymously because they were not authorized to discuss the private negotiations. Bainum was initially interested in buying one of Tribune’s papers, The Baltimore Sun, but is committed to acquiring the entire company. Two investors have expressed interest in buying Tribune’s Orlando Sentinel: former Thomson Financial CEO Mason Slaine and Craig Mateer, who founded a baggage-handling company based in Orlando.
Learn to trade the volatility from transparent traders here
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss billionaire pulls out of $680-million bid for Tribune PublishingSwiss billionaire Hansjoerg Wyss has withdrawn from a bid to buy the Tribune Publishing newspaper chain. fucking heartless swiss looter Uh, would you have a pic and see if he looks like the last fast food shooter?
Source: latimes - 🏆 11. / 82 Read more »
Swiss billionaire Wyss decides to drop out of bid for Tribune - Bloomberg, NYTSwiss billionaire Hansjoerg Wyss has decided to drop out of a group that was bidding for Tribune Publishing Co (TPCO.O), the New York Times and Bloomberg News reported on Saturday.
Source: Reuters - 🏆 2. / 97 Read more »
Free movement is main hurdle in Swiss-EU treaty talks - Swiss ministerTalks to simplify and strengthen ties between the European Union and Switzerland got stuck last week on how to interpret free movement accords, the Swiss government said on Monday as parliament encouraged it to keep seeking a treaty deal. this is terrible news
Source: Reuters - 🏆 2. / 97 Read more »
Tribune says Newslight bid for company is no longer superior to Alden one, after Swiss billionaire pulls backingTribune Publishing Co. undefined said Monday a bid for the company made by Maryland hotel executive Stewart Bainum that was backed by Swiss billionaire... Do you think this is what people really need right now?
Source: MarketWatch - 🏆 3. / 97 Read more »
Swiss open mass vaccination centres in Geneva and LausanneSwitzerland expanded its capacity to inoculate people against COVID-19 on Monday, opening mass vaccination centres in cities including Geneva and Lausanne.
Source: Reuters - 🏆 2. / 97 Read more »