Balsillie Sweetens Coyotes Bid By $30M

Law360, New York (September 8, 2009, 12:29 PM EDT) -- Refusing to back down, Research In Motion Ltd. Co-CEO Richard Balsillie has upped the ante in his play for the bankrupt Phoenix Coyotes hockey team by promising to tack on an additional $30 million to his already whopping $212.5 million bid.

On Monday, Balsillie presented the U.S. Bankruptcy Court for the District of Arizona with a revised offer that seeks to address the concerns surrounding the team's potential move to Ontario, which has been a point of contention with the National Hockey League and city of...
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