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Bloomberg: Carlyle Group/David Rubenstein In Talks To Purchase Orioles

ThisIsBirdland

By ThisIsBirdland
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Moose Milligan
Moose Milligan

No, I just think it's weird that, after 30 years of mostly terrible ownership, the Angelos family could be looking to sell and your first thought is "Jeez, that guy is old, it would suck to have to go

Tony-OH
Tony-OH

Just caught up with this thread and I have a few thoughts/comments. 1. As I stated earlier, I was told this months ago by two separate people who seemed to have good information, but were connect

Frobby
Frobby

Hmmm… - He’s pledged to give half his fortune to charity  - He gave $9 mm to the National Zoo for its panda pavillion - He gave $20 mm to the National Gallery of Art - He gave $10.

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Carlyle Group Inc. co-founder David Rubenstein is in talks to acquire Major League Baseball’s Baltimore Orioles, according to people with knowledge of the matter. 

Rubenstein is among suitors pursuing a transaction, said one of the people, all of whom requested anonymity discussing confidential information. Nothing has been finalized and talks may still fall apart, the people said.

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Representatives for the Orioles didn’t immediately respond to a request for comment. A spokesman for Rubenstein declined to comment. Trial lawyer Peter Angelos, 94, is the team’s majority owner.

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Rubenstein, 74, was born in Baltimore, Maryland. He has a net worth of $4.6 billion, according to the Bloomberg Billionaires Index. He also hosts a show on Bloomberg Television. 

Rubenstein told key backers of the Orioles that he would consider buying the team if it comes up for sale, Bloomberg News reported last year. He has previously eyed the Washington Nationals, another MLB team, and, unlike many of his peers across Wall Street, has yet to make a splashy bet on a sports team.

 

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