Apparently Google was doing some window-shopping recently but decided to pass on one item for sale; a stake in the ‘Grand Daddy of Them All’, the New York Times. The Business Insider reports that Harbinger Capital has put its 19% stake in the newspaper on sale. It was just last year that the investor acquired the stake but is now looking for a buyer to remove the portfolio buster from their stable of holdings. Interested parties have included David Geffen but his price wasn’t right apparently.
The idea of buying the New York Times was apparently floated by one of the co-founders of Google in an attempt to stir interest.