Dead Deal to Buy Penguins
PITTSBURGH -- Canadian businessman Jim Balsillie has withdrawn his offer to buy the Pittsburgh Penguins, current owner Mario Lemieux said Friday.
Balsillie, whose company makes the BlackBerry wireless messaging device, had signed an agreement on Oct. 5 to buy the Penguins from Lemieux's group for about $175 million. The deal was expected to be finalized any day.
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Balsillie, whose company makes the BlackBerry wireless messaging device, had signed an agreement on Oct. 5 to buy the Penguins from Lemieux's group for about $175 million. The deal was expected to be finalized any day.
Full Story
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