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Geffen offered to buy NY Times stake

Source: The Economic Times

Los Angeles : CA : USA | 6 months ago

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Media mogul David Geffen tried to buy a stake in the New York Times Co from hedge fund Harbinger Capital Partners, but was rejected, a source with knowledge of the matter said on Monday. Geffen offered to buy the stake at market price, but Harbinger fund manager Philip Falcone wanted him to...

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