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Glen Taylor aims to buy Star Tribune

Updated: April 1, 2014, 6:32 PM ET
Associated Press

MINNEAPOLIS -- Minnesota Timberwolves owner and printing company billionaire Glen Taylor has signed a letter of intent to buy the Minneapolis Star Tribune, the newspaper announced Tuesday.

Details of the cash offer weren't announced, and Taylor wouldn't elaborate in an interview with The Associated Press. He said he expected the deal to close in May following due diligence.

"I think it's going to be a good business decision and also because it's a Minnesota type of asset," Taylor ...

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