Michael Bloomberg Joins A-Rod Group Trying to Buy Timberwolves.

Michael Bloomberg, the majority owner of Bloomberg LP, has joined forces with Alex Rodriguez and Marc Lore in their bid to purchase the NBA's Minnesota Timberwolves. The size of Bloomberg's potential investment is unknown at this time. Lore and Rodriguez are currently in a dispute with the team's current owner, Glen Taylor, over control of the franchise. They had agreed to buy the team and its WNBA counterpart, the Lynx, for $1.5 billion, but Taylor claimed their purchase option had expired. The dispute is now heading to a panel of arbitrators. [Extracted from the article]