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Geffen, Zell Talk Deal For LA Times

Geffen wants it; Zell has $13 billion in debt to pay down

By Caroline Miller,  Newser Staff

Posted Apr 5, 2007 3:13 PM CDT

(Newser) – David Geffen wants to get his hands on the LA Times, and he's optimistic that he may yet succeed after talking to Sam Zell, the feisty real estate mogul who bought the Tribune Company Monday. The two discussed both a spin-off and a joint venture partnership, sources close to the negotiations told the Post.

Zell apparently isn't as cozy with his other billionaire rivals, Ron Burkle and Eli Broad, who he told the Chicago Tribune were backstabbers, after they discussed a partnership with Zell, and then complained to the Tribune board that Zell got preferential treatment. Geffen offered $2 billion for the Times last fall, but was turned down.

David Geffen Donates $200 to UCLA Medical School
David Geffen Donates $200 to UCLA Medical School   (Getty Images)
Premiere of Columbia Pictures
Premiere of Columbia Pictures   (Getty Images)
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