The Boston Celtics are reportedly being sold to William Chisholm for $6.1 billion, making it the most expensive sale of a North American sports team in history. Chisholm, a longtime Celtics fan and founder of Symphony Technology Group, will lead the private equity firm while Wyc Grousbeck remains as a governor during the ownership transition period. The decision to sell the team was announced by Grousbeck’s family shortly after the Celtics won the NBA championship in 2024.
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Walmart to pay $10 million to settle lawsuit over money transfer fraud
Walmart has agreed to pay $10 million to settle a Federal Trade Commission lawsuit accusing it of overlooking fraud involving its money transfer services, which scammers exploited to steal from consumers. The settlement, pending approval from U.S. District Judge Manish Shah, requires Walmart to halt processing suspected fraudulent transfers and comes after the FTC highlighted various scam schemes targeting victims. Need More Context? 🔎
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