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Tom Brady’s bid for Raiders ownership stake ‘making progress’

NFL legend Tom Brady still owns no stock in the Raiders, and the league owners meeting in Orlando this week did not vote to approve his 10 percent stake in the Las Vegas organization. Still, commissioner Roger Goodell said Tuesday that the league is proceeding with normal procedures when discussing Brady’s potential ownership of the […]

What’s at stake for TikTok as Congress moves to force a sale

A closely watched House vote on Wednesday passed legislation that poses the biggest threat to date to TikTok’s presence on the roughly 170 million mobile phones in the United States. The bill in question would ban TikTok in the U.S. unless it sells its U.S. operations within six months, and passed last week in the […]

Advance Auto Parts to add 3 new directors after Dan Loeb’s firm takes stake

Advance Auto Parts announced the appointment of three new members to its board of directors following the appointment of hedge funds Third Point LLC and Saddle Point Management as automotive aftermarket parts providers. The company plans to add an executive with expertise in automotive supply chain and merchandising to its current nine-member board of directors. […]

Billionaire Koch family eyeing Nets ownership stake

TORONTO – The Nets could gain a very large minority stake, with the billionaire Koch family reportedly in talks to buy a stake in the Nets. First reported by Bloomberg News news. There have been rumors over the past year that Nets owner Joe Tsai was considering selling a minority stake. Those negotiations could include […]