Haslams set to buy 25% Bucks stake after selling business to Buffett

📆 4/14/2023 5:24 PM
📰 BusinessInsider

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The Haslam family sold its gas station business to Warren Buffett this year. Now it's set to buy a stake in the Milwaukee Bucks.

Milwaukee Bucks star Giannis Antetokounmpo.The Haslam family will finalize buying a stake in the Milwaukee Bucks on Friday, according to Bloomberg.

They're swapping fuel pumps for courtside seats after selling their gas station business to Warren Buffett. They're poised to own 25% of the Bucks in a deal that values the NBA franchise at around $3.5 billion. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.

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Buffett tells why he sold most of his bank stocks — except oneThe Berkshire chairman and CEO had offloaded shares in other large banks such as Wells Fargo, Goldman Sachs and JPMorgan. hmm.... Maybe he bought more , the opposite is the right . And.... you have to be a subscriber
Source: CNBC - 🏆 12. / 72 Read more »