Geffen Trying to Buy Harbinger Out of NY Times

May 12th, 2009
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The Financial Times reported today that David Geffen has been in discussions to purchase Harbinger Capital’s 19.8% stake in the New York Times Company (NYT). Mr. Geffen is a co-founder of DreamWorks SKG and a former record executive. Rumors have also swirled that Google is interested in purchasing the ownership stake from the activist hedge fund manager.
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For Detailed Investor Profiles on these Investors, click below:
HRG Group (Harbinger Capital Partners)
Related People: Omar Asali (CEO); Peter Jenson (COO); Philip Falcone*
Related Entities: Harbert Management Corporation*; Harbinger Capital Credit Distressed BlueLine Fund; Harbinger Capital Partners Master Fund; Harbinger Capital Partners Special Situations Fund LP; HRG Capital
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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