Anschutz Corp. Wins Bankruptcy Bid for Ambassadors International

TAC Cruise LLC, a unit of Denver-based Anschutz Corp., was the high bidder in a bankruptcy auction for Seattle-based Ambassadors International Inc., which operates Windstar Cruises, according to news reports. The winning bid was approximately $39 million in cash. As part of the offer, TAC Cruise will take on certain liabilities. The deal must be approved by a U.S. bankruptcy court, which will make its decision following a hearing scheduled for Wednesday, May 18. The pending acquisition is a coup for billionaire Philip Anschutz, whose company also has ownership interest in the Los Angeles Lakers pro basketball team, the Los Angeles Kings pro hockey team and Regal Entertainment Group.