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New Player Emerges in Las Vegas NBA Franchise Talk with Possible Bid in the Works
Bloomberg says the bid would seek a majority stake through Thrive Eternal, which recently bought into the San Francisco Giants.
- Former Walt Disney Co. Chief Executive Officer Bob Iger and Thrive Capital founder Joshua Kushner are in talks to submit a majority bid for a Las Vegas NBA expansion franchise, according to reports on Monday.
- The pair plans to pursue the investment through Thrive Eternal, a division of Kushner's venture firm established to focus on long-term holdings in iconic brands and cultural assets.
- Competition for the potential expansion slot includes bids from Vegas Golden Knights owner Bill Foley and a group led by NBA Legend Magic Johnson, who met with Nevada Gov. Joe Lombardo.
- NBA Commissioner Adam Silver authorized the league to explore expansion into Las Vegas and Seattle in March, with the board of governors expected to provide an update next month during NBA Summer League.
- Kushner manages over $50 billion in assets and believes the team represents an asset with "qualities that cannot be replicated by technology," signaling a strategic shift toward cultural influence beyond tech startups.
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11 Articles
11 Articles
Former Walt Disney Co.
·Los Angeles, United States
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Coverage Details
Total News Sources11
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
Factuality
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