Raymond Perelman News
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It was like summer camp for grownups in the rustic theater at Ronald Perelman’s East Hampton estate Saturday night -- except for the air conditioning, megastars and billionaires.
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Raymond Perelman , father of billionaire Ronald Perelman , was outbid in a bankruptcy court auction for the Philadelphia Inquirer and its sister publication by lenders for the newspaper who offered $105 million.
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An auction for the bankrupt Philadelphia Inquirer and its sister newspaper opened with an $85 million bid today from philanthropist Raymond Perelman that a judge will weigh against a $105 million offer from lenders.
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A deal to sell the Philadelphia Inquirer newspaper fell apart, prompting the bankrupt owner of the paper to organize a new auction at which Raymond Perelman , father of billionaire Ronald Perelman , may bid.
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The University of Pennsylvania School of Medicine , the oldest medical school in the U.S., received $225 million from Raymond Perelman and his wife, Ruth, the largest single contribution in the institution’s 246-year history.
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Philadelphia Inquirer lenders won a bankruptcy court auction for the newspaper and its sister publication with a high bid of $105 million, outbidding Raymond Perelman, father of billionaire Ronald Perelman.
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The Philadelphia Inquirer and its sister newspaper will have two bidders competing to buy them out of bankruptcy at an auction in which the opening offer is less than half the value of a deal that fell apart this month.
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Blockbuster Inc. , the world’s biggest movie-rental company, filed for bankruptcy today after failing to adapt its storefront model to online technology pioneered by rivals such as Netflix Inc.
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The Philadelphia Inquirer and its sister newspaper will have two bidders competing to buy them out of bankruptcy at an auction in which the opening offer is less than half the value of a deal that fell apart this month.
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The Philadelphia Inquirer and its sister publication won court permission to exit bankruptcy, one week after lenders won an auction for the newspapers.
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