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(CNN) - The captors of American journalist James Foley had demanded a ransom of 100 million euros ($132.5 million) for his release, according to GlobalPost spokesman Richard Byrne.
The New Hampshire native, 40, was a freelancer for the online news outlet. He was on assignment when he disappeared on November 22, 2012, in northwest Syria, near the border with Turkey.
Philip Balboni, the president and chief executive of GlobalPost, told CNN that the company "never took the $100 million seriously" because ransoms paid for other hostages in ISIS captivity were "dramatically less." He did not say what those lower amounts were, but that there was an attempt to raise money that was more in line with the lower sums.