Xiaomi (HKG:1810) Co-Founder Lin Bin agreed to acquire a 1% stake in a holding company that owns the Miami Dolphins football team at a $12.5 billion valuation, Sportico reported Tuesday, citing people familiar with the matter.
The holding company also owns Hard Rock Stadium, Formula 1's Miami Grand Prix and part of the Miami Open tennis tournament, the sports industry-focused digital content platform said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments