Koch family’s 15% stake in Nets values struggling NBA team at $3.8B: source
The Koch family’s acquisition of a 15% stake in Brooklyn Nets parent company BSE Global values the struggling NBA franchise at $3.8 billion and the parent company at $5.8 billion, The Washington Post has learned. Julia Koch – widow of David Koch, she is one of the richest women in the world with an estimated […]
Chinese Regime-Linked Joe Tsai Sells Stake in Brooklyn Nets to Koch Family
Taiwan-born billionaire and China backer Joe Tsai is selling a minority stake in the New York Nets to David Koch’s widow Julia after the sports enterprise was valued at a massive $6 billion. BSE Global owns the Nets, the Barclays Center and the WNBA’s New York Liberty — and Joe Tsai controls it all — […]
Joe Tsai sells Nets minority stake to Koch family after $6 billion valuation
Joe Tsai sells a minority stake in the Nets to the Koch family, setting a staggering valuation for the team in the process. BSE Global, the parent company of the Nets, Barclays Center and New York Liberty, was estimated to be valued at roughly $6 billion in the upcoming stock sale, according to an email […]
George Clooney, Julia Roberts Warn ‘Democracy’ and ‘Our Children’s Future’ Are at Stake if Trump Wins
Hollywood stars George Clooney and Julia Roberts made ominous comments at a glitzy fundraiser for Joe Biden in Los Angeles on Saturday, warning that “democracy” and “the future of our children” were at risk if former President Donald Trump returned to the White House in November. George Clooney and Julia Roberts lent their star power […]
Roaring Kitty may have liquidated sizable GameStop stake amid trading frenzy
Market experts are speculating that Roaring Kitty’s Keith Gill, a well-known meme stock trendsetter, may have sold recently-publicized GameStop options amid a surge in trading volume. Gill, who made a surprise return to social media last month after not posting anything online for years, revealed in a June 2 Reddit screenshot that he holds significant […]
Diddy Sells Off Stake in Revolt, the Media Company he Founded in 2013
LOS ANGELES (AP) — Rapper and entrepreneur Sean “Diddy” Combs has sold his stake in Revolt, the media company he founded more than a decade ago. Los Angeles-based Revolt said in a statement on its website Tuesday that all of Combs’ stock in the company, which he held as chairman, had been redeemed and redeemed […]
Australia Orders Chinese Investors to Reduce Stake in Rare Earths Mining Company
Australian Treasurer Jim Chalmers on Sunday ordered a Chinese investment fund to sell its stake in Sydney-based rare earth mining company Northern Minerals, which he said was critical to Australia’s national interests. “The decision is based on advice from the Foreign Investment Review Board and aims to safeguard our national interests and ensure compliance with […]
Carl Icahn owns sizable stake in Caesars Entertainment: report
Activist investor Carl Icahn owns a significant stake in casino operator Caesars Entertainment. Bloomberg News reported. The sources, who were not involved in the matter, said the move on Friday. The company’s shares rose 15% following the report. The size of Icahn’s stake in the company is unclear, the report added. Shares of Caesars Entertainment, […]
Red Bull add Leeds to football portfolio after buying minority stake in club | Leeds United
Red Bull has bought a minority stake in Leeds and will become the team’s primary kit sponsor next season, with the soft drinks company joining owners 49ers Enterprises to add the Championship club to its extensive football portfolio. The Red Bull logo will appear on the front of the men’s and women’s first team uniforms […]
Billionaire Nelson Peltz rakes in $1B after selling entire Disney stake following board fight: report
Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in media giant Walt Disney following a boardroom battle with the company. CNBC News reported. He said Wednesday, citing people familiar with the matter. The hedge fund held a 1.77% stake as of March 31, making it Disney’s fifth-largest shareholder, according to data from […]