Geffen bids for LA Times
Created: Dec 15, 2006 10:00 AM
LOS ANGELES (AP) — Billionaire music mogul David Geffen, long known to be interested in owning the Los Angeles Times, has made a $2 billion cash bid for the paper, two newspapers reported yesterday.Geffen’s bid has not been accepted or rejected by Times’ parent, Chicago-based Tribune Co., which would prefer a sale of the entire media company instead of individual assets, the Times and Wall Street Journal reported, citing unidentified people familiar with the matter.
Geffen did not return a call from The Associated Press seeking comment.
