2 groups submit offers to buy Globe
The New York Times Co. has received offers to buy The Boston Globe from both finalist bidders - Platinum Equity, a California investment firm, and a group led by Stephen Taylor - according to a person briefed on the bids.
Taylor is a member of the family that sold the Globe to the Times Co. in 1993 for $1.1 billion.
It could not be learned whether the offers had changed from preliminary bids of about $35 million plus the assumption of $59 million in pension liabilities.
The offers included the purchase of the Worcester Telegram & Gazette, which the Times Co. also is considering selling.
A third bid was submitted for just the Worcester newspaper by a group of businessmen led by Ralph D. Crowley Jr., chief executive of Polar Beverages Co., and Harry T. Whitin, the former editor of the T&G. The Times Co. board is holding a regularly scheduled meeting today.