Bid & Ask

Compiled by Caroline Winter


• Basketball Hall of Famer Magic Johnson and a group of investors will pay $2.3 billion for the bankrupt Los Angeles Dodgers, doubling the previous record amount paid for a major U.S. professional sports franchise.

• Abu Dhabi’s Mubadala Development will invest $2 billion in EBX Group, the holding company of Brazilian billionaire Eike Batista. The deal values EBX at $35.5 billion.

• Calgary-based Pengrowth Energy is acquiring NAL Energy for about $1.3 billion in shares to expand its oil production opportunities in Alberta.

• Spain’s CaixaBank will pay $1.3 billion for Banco Cívica, a group of former savings banks, as a restructuring of the nation’s financial industry gathers pace.

SoftBank, Japan’s No. 2 mobile-phone company by market value, is buying the Fukuoka Yahoo! Japan Dome, the stadium that houses the SoftBank Hawks baseball team, for $1.1 billion.

Bausch & Lomb, maker of eye care products such as Renu contact lens solution, agreed to pay $500 million for eye medication company Ista Pharmaceuticals.

Li & Fung, the world’s largest supplier of clothes and toys to retailers, is raising about $500 million in a share sale to boost capital for acquisitions.

• Guy Hands’s private equity firm, Terra Firma Capital Partners, will pay about $440 million for Garden Centre Group, a U.K. retailer of garden supplies.

• As part of its $38 billion divestment plan following the 2010 Gulf of Mexico oil spill, BP sold natural gas assets in the North Sea to Perenco U.K. for $400 million.

• A 1909 card depicting Pittsburgh Pirates shortstop Honus Wagner, which the National Baseball Hall of Fame calls the sport’s “most famous collectible,” may fetch as much as $1.5 million at auction.


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