Jim Balsillie, the co-chief executive of Canadian smartphone maker Research in Motion, made a $212.5 million offer to buy the National Hockey League's Phoenix Coyotes on Tuesday, following the team's unexpected bankruptcy filing, which was announced by the team's owner.
The offer is conditional on the team relocating to Southern Ontario, according to a statement by Balsillie.
Details here.
Wednesday, May 6, 2009
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