RIM boss to purchase Pittsburgh Penguins
Today, the 45-year old hockey fanatic and co-chief executive officer of Waterloo, Ont.-based Research in Motion Ltd. is about to fulfill another puck-fuelled dream, only this one will cost him substantially more: as much as $175-million (U.S.)
Mr. Balsillie is expected to announce this afternoon that he is acquiring the Pittsburgh Penguins from a consortium of owners led by National Hockey League legend Mario Lemieux, according to people familiar with the matter. He will fly to Pittsburgh for the home opener this evening against the Philadelphia Flyers, where he will get a firsthand glimpse of teenaged phenom Sidney Crosby, the centrepiece of the team’s rebuilding efforts.
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