Tech Investor Marc Stad Completes Deal for Timberwolves and Lynx
Marc Stad is a tech investor. He has finished a big deal. He now has a lead stake in two sports teams.
The teams are the Minnesota Timberwolves and the Minnesota Lynx. The Timberwolves play basketball for men. The Lynx play basketball for women.
The deal means the teams are sold. People say the price is $4.5 billion. That is a lot of money.
Marc Stad will now control the teams. He is the new main owner. Many people want to know more about him.
Sources say the deal is done. This news comes from people close to the deal. The teams have not said much yet.
Vocabulary6 words
- tech investor
- a person who puts money into technology companies
- deal
- an agreement between people or companies
- lead stake
- the biggest and most important part of ownership
- basketball
- a sport where players throw a ball into a high net
- billion
- a very big number: 1,000 million
- owner
- a person who has and controls something
Quiz
Answer key
1. Marc Stad 2. A tech investor 3. $4.5 billion
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Marc Stad is a _____. He has finished a big _____. He now has a _____ in two sports teams.
The teams are the Minnesota _____ and the Minnesota _____. The Timberwolves play _____ for men. The Lynx play basketball for women.
The deal means the teams are sold. People say the price is $4.5 _____. That is a lot of money.
Marc Stad will now control the teams. He is the new main _____. Many people want to know more about him.
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