You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Kraft Group not pursuing Boston Globe

The Kraft Group is no longer pursuing a bid to buy The Boston Globe, according to a person briefed on the plans of the New England Patriots owners.

As previously reported, the Krafts have held meetings with Globe managers and investment bankers for The New York Times Co., which is selling the Globe.

Continue reading below

However the group has now decided not to bid, according to the person briefed on the matter, who was not authorized to speak publicly.

Jonathan Kraft, president of the Kraft Group, has declined requests for an interview.

A Globe story Wednesday about the June 27 deadline for submitting bids included the Krafts on the list of possible bidders.

The Times Co. declined to comment.

Beth Healy can be reached at bhealy@globe.com.
Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week