Tuesday, July 08, 2008

Jess Jackson Got a Deal

This from the AP:

A group led by winemaker Jess Jackson paid $2.6 million for an 80 percent majority interest in rising star Curlin in 2007.

The purchase price, long held secret, has been released for the first time in a motion filed in a civil case against Curlin's two minority owners. Until Tuesday, the sale price had been reported to be in the $3.5 million range.

This comes as there are still attempts to force the sale of the other 20% -- it's all on on Thursday. No word on a license in NY or IL as yet...or what that remaining percentage might be worth.

Posted by Superfecta at 2:02 PM

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2 comments:

Jessica said...

What an incredible bargain, especially since the minority interest will surely sell for much more.

9:02 PM
Kerry said...

I wish this was all going down in Fayette Circuit Court, so I could go hear it. Not that they will succeed, but I'd love to hear the arguments.

10:21 PM

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