Bids For Star-Bulletin Too Low, DoJ Says: Now The Merger Begins
The bids submitted for the Honolulu Star-Bulletin weren’t high enough to prohibit Honolulu’s two biggest papers from merging, Hawaii News Now reports.
To comply with antitrust laws, the Department of Justice was forcing Star-Bulletin owner David Black to solicit bids for the paper before he merged it into Hawaii’s largest paper, the Honolulu Advertiser. The Star-Bulletin actually received three bids, but now the Department of Justice is saying the merger can go ahead anyway&151;the bids were all too low.
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