Word: bidder
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
After evaluating Kirch's assets for more than a year, Saban, 58, hopped to Germany in January when Kirch's creditors appeared to be near a deal with a German bidder. With a team of advisers, Saban set out to convince creditors, regulators and politicians that he was the best buyer. He knew that another rich American, media mogul John Malone, had tried in 2001 to buy a group of TV networks from Deutsche Telekom, Germany's major cable operator, but had been blocked by regulators in part because he was perceived as arrogant and unbending. Saban played the charmer...
...cash, Saban could get the deal done fast. Other potential suitors, including Murdoch and Italian magnate Silvio Berlusconi, were hobbled by concerns that they might use Kirch's networks to forward their political views. German media giant Bertelsmann didn't bid because of antitrust problems. The only other serious bidder, a German publisher, didn't have Saban's TV experience and faced regulatory pressures. By late February, Saban's mostly cash offer was a virtual lock...
These politicians should take a lesson from the more reasonable Turnpike Authority, owner of the 91 acres. In light of their budget problems, the Turnpike Authority has recognized the need to sell the land to the highest bidder, which in this case appears to be Harvard. And by ensuring that essential transportation services are guaranteed, the Turnpike Authority has been able to improve Boston’s position as well as Harvard’s and its own. Harvard should develop the land to further its own future while respecting the easements and plans the Turnpike Authority put in place...
...still have to cross the t’s and dot the i’s, but Harvard came in as the highest bidder...we are awarding the land based on the highest bid price for it, so the land’s future is pretty clear,” Turnpike Authority spokesperson Sean O’Neil said on Tuesday...
...know, its going to happen. We have our job to do,” said Authority board member Jordan Levy. “The highest legal bidder is getting my vote. That’s the oath I’ve taken...