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Sports News

Report: Tribune agrees to second offer for Chicago Cubs

Jul. 7, 2009
Tribune Co. has agreed to terms for the sale of the Chicago Cubs to a group led by private equity investor Marc Utay, giving the company two offers to submit to the bankruptcy court, two sources familiar with the sale process said on Tuesday.
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Report: Cubs choose their new owner

CHICAGO, Jan. 22 (UPI) -- The owner of the Chicago Cubs has decided to sell the team to a group headed by local businessman Thomas Ricketts, the Chicago Sun-Times reported Thursday.

Tribune Co. to pick Cubs winner next week

CHICAGO, Jan. 17 (UPI) -- The Tribune Co. will decide on the winning bidder for its Chicago Cubs baseball team and storied Wrigley Field within days, sources say.

Bidding for Chicago Cubs nears end

CHICAGO, Jan. 6 (UPI) -- The Tribune Co. is close to choosing a new owner for the Chicago Cubs but still may decide to pull the team and its stadium off the market, sources said.

Delphi accepts $2.55B investment plan

TROY, Mich., July 18 (UPI) -- Delphi Corp. said Wednesday it reached a $2.55 billion investment deal that keeps the U.S. auto-parts maker on track to exit bankruptcy by year's end.

Inspire selling $75M in stock to investor

DURHAM, N.C., July 18 (UPI) -- U.S. firm Inspire said Wednesday it entered into an agreement to sell $75 million of its stock to the private equity investor, Warburg Pincus.

Univision goes for $11.1 billion

LOS ANGELES, June 27 (UPI) -- Univision Communications Inc., the largest U.S. Spanish-language broadcaster, accepted an $11.1 billion offer from a private equity group.

Equity One sells Texas assets for $402M

NEW YORK, March 27 (UPI) -- Equity One Inc. sold 30 Texas properties to an investment group led by New York's Investcorp for about $402 million.

J.P. Morgan to spin private equity unit

NEW YORK, March 1 (UPI) -- New York's J.P. Morgan Chase & Co. will spin off its large private-investment arm into an independent entity next year.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler