Marc Lore has agreed to sell his control stake in the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx to billionaire investor Marc Stad at a $4.5 billion enterprise value, Axios has confirmed.
Why it matters: The NBA's ownership merry-go-round is spinning furiously, as this comes just a week after Mark Walter agreed to sell the Los Angeles Lakers to Joshua Kushner and Bob Iger for $12.5 billion.
