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Three bidders make final cut to buy Cubs
07/24/2008 15:44:29
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| The Tribune Company is inviting at least three potential buyers who each submitted bids for the Chicago Cubs and Wrigley Field near or above $1 billion to participate in a second round of proposals. |
By The Associated Press
NEW YORK, NY - According to a person involved in the negotiations, the Tribune Company is inviting at least three potential buyers who each submitted bids for the Chicago Cubs and Wrigley Field near or above $1 billion to participate in a second round of proposals.
According to the person, who spoke on condition of anonymity, several bidders offering between $700 million and $900 million for
all the properties have been excluded from the second round.
A Tribune spokeswoman said the baseball team would not have any comment on the status of the sale, which also includes the team's
minority stake in a Chicago regional sports TV network.
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