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Posts Tagged ‘mogul david geffen’

Geffen offered to buy NY Times stake: source

Tuesday, May 12, 2009 : Permalink

Reuters – Media mogul David Geffen tried to buy a stake in the New York Times Co from hedge fund Harbinger Capital Partners, but was rejected, a source with knowledge of the matter said on Monday.

Geffen offered to buy the stake at market price, but Harbinger fund manager Phillip Falcone wanted him to pay a premium, according to the source.

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Tags: falcone, harbinger, harbinger capital partners, hedge fund, media mogul, mogul david geffen, new york times, new-york-times-co, reuters, stake

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Geffen offered to buy NY Times stake: source

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