The sale of media conglomerate Tribune Co. seems to be going smoothly with the
announcement Wednesday that financing for the deal is "fully committed,"
according to a MarketWatch report. Industry analysts have speculated that the
financing of Sam Zell's acquisition for Tribune may have been in trouble
because Cerberus Capital Management LP had a difficult time to get the loans it needed
for its $12 billion purchase of Chrysler Group recently. Zell's $8.2 billion
take-private offer for Tribune is still going through regulatory review and
could close by the end of the year. —Gerald Magpily
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MarketWatch article
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TheDeal.com article
Tags:
Tribune,
Sam
Zell,
M&A
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