9/9 Business matters
According to Crain’s Chicago Business, federal antitrust regulators have approved Tribune Co.’s sale of the Cubs to the Ricketts family. The approval appears on a Sept. 4 Federal Trade Commission list of pending mergers and acquisitions that have been cleared by antitrust officials. Analysts had not expected any antitrust challenge to the deal.
The clearance is another step in Tribune’s 2 1/2 year quest to sell the Cubs. It still needs approval from a bankruptcy judge and Major League Baseball owners.
The Ricketts family reached an agreement, announced Aug. 21, to acquire the team, Wrigley Field and a 25 percent stake in Comcast SportsNet for $845 million.
– Carrie Muskat