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Apollo, Blackstone Execs Buy Basketball Team

Apollo Global Management’s co-founder Joshua Harris led a group to acquire the National Basketball Association team Philadelphia 76ers.

Apollo Global Management’sco-founder Joshua Harris led a group to acquire the National Basketball Association team Philadelphia 76ers, Bloomberg reports. Blackstone’s David Blitzer along with Art Wrubel and Jason Levien has invested in the deal.

The financial details of the transaction have not been disclosed. Harris is expected to pay about $280 million for the deal.

Click here for the story from Bloomberg.

Click here for the additional coverage from FINalternatives.

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