Reuters: Bankruptcy News: Peter Guber joins bid group for LA Dodgers -report

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Peter Guber joins bid group for LA Dodgers -report Mar 15th 2012, 01:13 March 14 | Wed Mar 14, 2012 9:13pm EDT March 14 (Reuters) - Film producer Peter Guber has joined the bid for the Los Angeles Dodgers baseball team as part of a group led by Magic Johnson, the Los Angeles Times reported. In a report published on its website, the newspaper said Guber, chief executive of Mandalay Entertainment, will be a minority investor in the former basketball player's group. The Johnson bid is one of four expected to be submitted to major league owners for approval next week, the paper said. The baseball team filed for bankruptcy protection in June last year. It owner, real estate developer Frank McCourt, has been evaluating prospective bids for the franchise since November. The sale is being conducted by the Blackstone Group. Reuters reported in February that hedge fund billionaire Steve Cohen and St Louis Rams owner Stan Kroenke were among seven parties who had advanced to the next round of bids for the team. A spokesman for Guber was not immediately available for comment. Representatives of the Dodgers and Magic Johnson were also unavailable.

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