Junior Bridgeman Buys 10% Stake in Milwaukee Bucks at $4 Billion Valuation

Benzinga

Former NBA player and businessman Ulysses Lee "Junior" Bridgeman is purchasing a 10% stake in the Milwaukee Bucks, valuing the team at $4 billion. Bridgeman reportedly receives a 15% preferred limited partner discount, purchasing his portion at a valuation of over $3 billion. Bridgeman currently owns Ebony and Jet magazines and has a net worth of over $600 million. The deal comes after the NBA’s recent media agreement with Disney, NBCUniversal, and Amazon.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:03Former NBA player and businessman Ulysses Lee Jr. Bridgman is purchasing a 10 percent

00:08stake in the Milwaukee Bucks, valuing the team at $4 billion.

00:12Bridgman is reportedly receiving a 15 percent preferred limited partner discount, purchasing

00:17his portion at a valuation of over $3 billion.

00:20Bridgman currently owns Ebony and Jet magazines with over $600 million net worth.

00:25The deal comes after the NBA's recent media agreement with Disney, NBCUniversal, and Amazon.

00:30For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended