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  • Bloomberg’s Reported Interest In Buying New York Times Sends Shares Soaring

    05/03/2015 3:53:25 AM PDT · by lbryce · 8 replies
    New York post ^ | May 1, 2015 | Keith J kelly
    New York Times Co. shares leaped 10.7 percent in after-hours trading after Fox Business Network reported billionaire businessman Michael Bloomberg had expressed renewed interest in buying the paper. The former New York City mayor was prepared to pay up to $5 billion to acquire the Gray Lady — more than double the $2.3 billion market cap of the company. Bloomberg LP completely dismissed the FBN report as untrue. “There is no truth to this rumor,” Ty Trippet, a spokesman for the data and business news service, said in an e-mail. Mike Bloomberg has in the past expressed interest in buying...