Ryan Smith, co-founder of Utah-based Qualtrics, agreed to acquire a majority stake in Utah Jazz, an American professional basketball team based in Salt Lake City, for $1.6bn. "The Miller family has had an unbelievable impact on countless people through the Utah Jazz and the other organizations they run. We all owe a great debt to the Miller family for the amazing stewardship they have had over this asset for the past 35 years. My wife and I are absolutely humbled," Ryan Smith.