Senators Sale Draws Multiple Bids, Top Offer Reportedly $1 Billion

At least one group interested in purchasing the NHL's Ottawa Senators is willing to pay $1 billion.
There were at least three bids submitted for the team prior to Monday's deadline.
An announcement on the winning bid is not expected for approximately one week.
The Senators are up for sale following the death of owner Eugene Melnyk.
Forbes valued the franchise at $800 million in December, but it seems like the sale will end up generating more than that number given the latest developments.