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Mat Ishbia agrees to buy Suns, Mercury for $4 billion

Por: Associated Press Sports December 21, 2022

Mortgage executive Mat Ishbia has agreed in principle to buy a majority stake of the Phoenix Suns and Phoenix Mercury from the embattled owner Robert Sarver for $4 billion, the sides announced Tuesday.The sale is expected to take several weeks to complete. Ishbia — who is chairman, president and chief executive of United Wholesale Mortgage, which bills itself as the nation’s largest mortgage lender — will be subjected to a vetting process... + full article



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