The investors are looking to raise $5 billion to start a basketball league that could offer players equity to potentially lure them away from the NBA.
More Stories
Wall Street banks had a great quarter, and the boom times are just starting
JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.
LIV Golf announces multiyear media rights deal with Fox Sports
LIV Golf announced a media rights agreement with Fox Sports to broadcast the pro golf tour to U.S. viewers just...
Morgan Stanley tops estimates on strong equities and fixed income trading revenue
While bank stocks have been supported by enthusiasm for rising deal activity, it was actually the trading side that helped...
Blue Origin’s first New Glenn rocket reaches orbit, misses booster landing
Blue Origin launched its towering New Glenn rocket for the first time early Monday, in a crucial milestone for Jeff...
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.