News Corp. is weighing a bid for the bankrupt Texas Rangers. The media giant, which owned the LA Dodgers from 1998 to 2004, hasn't decided whether it will bid at Wednesday's bankruptcy court auction,
but is said to be leaning toward making an offer, sources close to the situation said. Bidding for the suddenly resurgent baseball franchise will begin at $307 million, but a winning bid may be $100
million higher -- or more.
It could not be learned if News Corp., whose Fox Sports Southwest unit owns television rights to the team, would bid independently or as part of a group.
There are several other potential bidders, including a group led by Hall of Famer and Rangers team president Nolan Ryan and a group led by Mark Cuban, the owner of the NBA's Dallas Mavericks. Cuban
wants the Rangers team because it would allow him to create a regional sports network to broadcast both Mavericks and Rangers games, according to one source. He could also put the games on HDNet, the
high-definition cable network he controls.
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