Chicago Sun-Times Purchases Chicago Reader

Chicago Sun-Times Purchases Chicago ReaderThe Chicago Tribune reported recently that Wrapports, owner of the Chicago Sun-Times, has acquired the Chicago Reader, a deal which includes chicagoreader.com and straightdope.com, from New York-based hedge fund Atalaya Capital Management. While the terms of the business deal were not specifically disclosed, sources estimate that the purchase price was around $3 million. As some might remember, Atalaya took control of the Reader in 2009 when Florida-based Creative Loafing Inc. filed for bankruptcy.

Complex business acquisitions and transactions like the sale of the Chicago Reader involve a number of different steps and matters for resolution that are best left to the expertise of a skilled and knowledgeable business attorney. Your lawyer can handle issues such as negotiating contracts, drafting letters of intent and purchase agreements, and developing agreements with both new and existing employees. By enlisting the help of a qualified business lawyer, you can help ensure both that the sales agreement meets your needs and that a smooth transition occurs between your business and the business that you are seeking to acquire.

For assistance with all of your business transactions, no matter how large or small, contact your expert Cook County, Illinois business attorney now for a thorough assessment of your proposed business transaction. Our business lawyers have the skills and resources to make your next acquisition the most efficient and painless process possible, while still safeguarding your legal rights and interests. Furthermore, our firm can provide you with ongoing legal advice as matters arise within the context of your daily business activities.