Entertainment billionaire David Geffen approached a hedge fund about buying its 19 percent stake in The New York Times Co., a person knowledgeable about the offer confirmed Tuesday. The fund, Harbinger Capital Partners, turned down the bid, according to the person familiar with ...

Former Hollywood mogul David Geffen offered to buy the nearly 20-percent stake in The New York Times Co. held by a hedge fund but his overture was rebuffed, according to press reports on Tuesday. Fortune magazine said Geffen, a co-founder of Dreamworks SKG, made the offer last month to buy the 19.8 percent of common shares in the Times ...

BARBRA STREISAND will perform at an upcoming Hollywood fundraiser for Democratic presidential candidate BARACK OBAMA. The diva will play the rare show at the Beverly Wilshire Hotel on 16 September (08). STEVEN SPIELBERG and his DreamWorks partners JEFFREY KATZENBERG and DAVID GEFFEN will co-host the star-studded gala.