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WALL STREET JOURNAL: Time Warner Nears Deal to Sell Headquarters
January 15, 2014
$1.3 Billion Bid Backed by Funds From Abu Dhabi, Singapore
When Related Cos. needed financing for its $1.3 billion bid for Time Warner Inc.'s Manhattan headquarters, it turned to a ready source of money: foreign buyers.
It found willing backers in sovereign-wealth funds from Abu Dhabi and Singapore, which agreed to finance more than 80% of the purchase, according to people with knowledge of discussions.