(Reuters) - NEW YORK, July 23 - The Chicago Cubs franchise,
being sold by media group Tribune Co. , has attracted
credible interest from about 15 parties, and a deal for the
baseball team and other assets is expected to top $1 billion,
according to a source familiar with the situation.
First-round bids are likely due after the Sept. 3 U.S.
Labor Day holiday, with a winner expected to be picked in
October. A deal is expected to close by the end of the year.
The winner must be approved by Major League Baseball.
Read more at Reuters.com Bonds News
being sold by media group Tribune Co. , has attracted
credible interest from about 15 parties, and a deal for the
baseball team and other assets is expected to top $1 billion,
according to a source familiar with the situation.
First-round bids are likely due after the Sept. 3 U.S.
Labor Day holiday, with a winner expected to be picked in
October. A deal is expected to close by the end of the year.
The winner must be approved by Major League Baseball.
Read more at Reuters.com Bonds News
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