TECH in AMERICA (TiA)

SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY

Boston Globe gives John W. Henry Opportunity above 3 groups that “topped” Henry’s bid for Globe

by Chritty Watts – image[1]

According to insiders of the Boston Globe, there were 3 more higher dollar bids declined, losing out to Red Sox owner John W. Henry’s winning $70 million.  The contenders were:

John Gormally publisher of BusinessWest magazine; Robert Loring, the founder of Revolution Capital, was willing to offer $80 million in cash; and Chief Executive of U-T San Diego newspaper, John Lynch claims his group “was the highest bidder.”

“All the bidders expended considerable time, energy, money, and the process was not transparent at the end to the bidders,’’ Gormally said.

Gormally also stated his group remains intersted if the current deal does not work out.

Thank you, TiA

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