Tuesday, September 08, 2009

Cubs sale clears antitrust regulators

Federal antitrust regulators have approved Tribune Co.’s $800 million sale of the Chicago Cubs to the Ricketts family.

The approval appears on a Sept. 4 Federal Trade Commission list of pending mergers and acquisitions that have been cleared by antitrust officials. Analysts had not expected any antitrust challenge to the deal.

The clearance is another step in Tribune’s two-and-a-half-year quest to sell the ball club. It still needs approval from a bankruptcy judge and Major League Baseball owners. Both approvals are expected this fall.
This deal is getting close to being done!

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