Billionaire investor David Rubenstein is in discussions to potentially acquire Major League Baseball’s Baltimore Orioles, a person familiar with the matter told CNN. Rubenstein, a Baltimore native and co-founder of The Carlyle Group, has been in talks to buy the Orioles for some time, but a deal does not appear to be imminent, the source said. The Orioles, owned for the past three decades by Peter Angelos, did not respond to requests for comment. The source described the talks between Rubenstein and the Orioles as “real,” though there are other potential suitors circling the team. “The cake is not baked,” the source told CNN.

Source: CNN December 08, 2023 20:00 UTC