John Henry’s Purchase of The Boston Globe Completed

By: Beth Healy | Boston Globe

Boston businessman John Henry’s purchase of the Boston Globe became official Thursday afternoon, ending 20 years of ownership by the New York Times Co.

Henry, the principal owner of the Boston Red Sox and other sports enterprises, agreed in August to buy the Globe, its websites and affiliated businesses, after a bidding process that involved a half dozen potential buyers. The sale price was $70 million in cash.