Dyal Capital Nears Deal for Stake in Sacramento Kings, WSJ Says
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Dyal Capital is nearing a deal to buy a minority stake in the Sacramento Kings, valuing the National Basketball Association team at $1.5 billion, the Wall Street Journal reported, citing people familiar with the matter.
Dyal, a unit of publicly-listed Blue Owl Capital Inc., is buying an almost 5% stake in the team, the newspaper said. The deal could be announced as soon as this week.