Serena Williams to acquire a majority stake in Toronto Tempo.

Serena Williams agreed to acquire a majority stake in Toronto Tempo, a basketball team. Financial terms were not disclosed. "I am thrilled to announce my ownership role in the first Canadian WNBA team, the Toronto Tempo. This moment is not just about basketball; it is about showcasing the true value and potential of female athletes — I have always said that women's sports are an incredible investment opportunity. I am excited to partner with Larry and all of Canada in creating this new WNBA franchise and legacy," Serena Williams.