Marc Stad buying controlling stake in Minnesota Timberwolves, Lynx for $4.5 billion

By Alicia Wallace, David Goldman, CNN (CNN) — Tech investor Marc Stad is acquiring a controlling interest in the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx in a deal valued at $4.5 billion, sources close to the agreement told CNN on Friday. It marks the second multibillion-dollar sale of a professional basketball organization this