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ST. LOUIS (AP) - The Sporting News is considering a number of offers from interested buyers, although the St. Louis-based company has not decided to offer itself for sale, said Rick Allen, president and chief executive officer.
Sporting News, which is owned by Microsoft Corp. co-founder Paul Allen, hired the consulting firm Allen & Company to determine how the company might proceed on a sale offer, Rick Allen said.
Allen & Company is a privately owned investment bank that is not owned by Paul Allen, said Karen Maake, a Sporting News spokeswoman.
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