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New Deal


Announced

David Rubenstein to acquire Baltimore Orioles from Angelos family for $1.72bn.

Financials

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Transaction Value£1,359m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Entertainment

United States

baseball team

Acquisition

Domestic

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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David Rubenstein, an American lawyer, businessman, and philanthropist, agreed to acquire Baltimore Orioles, an American professional baseball team, from Angelos family for $1.72bn. “I am grateful to the Angelos family for the opportunity to join the team I have been a fan of my entire life. I look forward to working with all the Orioles owners, players and staff to build upon the incredible success the team has achieved in recent seasons. Our collective goal will be to bring a World Series Trophy back to the City of Baltimore. To the fans I say: we do it for you and can’t do it without you. Thank you for your support,” David Rubenstein.

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