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XIAOMI-W Co-founder Lin Bin Acquires 1% Stake in NFL's Miami Dolphins at USD12.5B Valuation: Wire
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XIAOMI-W (01810.HK) co-founder and vice chairman Lin Bin agreed to acquire a 1% stake in the American football team Miami Dolphins at a valuation of USD12.5 billion, Bloomberg reported, citing people with the knowledge of the matter. This acquisition by Lin requires approval from the National Football League (NFL) in the US, needing the consent of at least 24 team owners to proceed. Upon completion of the transaction, Lin will hold a 1% stake in the holding company that owns the Dolphins, whose assets also include the F1 Miami Grand Prix and the Hard Rock Stadium located in southern Florida. AASTOCKS Financial News Website: www.aastocks.com |
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