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Sale of Cubs now complete

Updated: October 27, 2009, 10:31 AM ET
Associated Press

CHICAGO -- The sale of the Chicago Cubs, Wrigley Field and other assets from the Tribune Co. to the Ricketts family is complete.

The Ricketts family said Tuesday that it has taken a 95 percent controlling interest in the baseball franchise, its storied ballpark and 25 percent of Comcast Sportsnet.

The deal is valued at $845 million. Billionaire Joe Ricketts is the founder of Omaha, Neb.-based TD Ameritrade.

After taxes and fees, Chicago-based Tribune, which owns newspapers and ...

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