Trade Tracker: Jenny Harrington buys more Fiserv
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CNBC
21 minutes ago
- CNBC
Tom Dundon to buy the Portland Trail Blazers from Paul Allen's estate
Carolina Hurricanes owner Tom Dundon has reached a tentative agreement to buy the Portland Trail Blazers from Paul Allen's estate, Dundon told CNBC. Dundon declined to provide the terms of the proposed sale. CNBC's latest Official NBA Team Valuations listed the Trail Blazers at a value of $3.65 billion. The 53-year-old businessman is chairman of Dundon Capital Partners based in Dallas, Texas. He's also a passionate sports owner. He agreed to purchase a controlling stake in the Carolina Hurricanes in 2017, and he's the majority owner of the Pro Pickleball Association and Major League Pickleball. If his purchase of the Trail Blazers is approved, Dundon and his ownership team would take over ownership from the estate of the late Microsoft co-founder. Allen's sister Jody Allen has been managing the the team since his death in 2018. In 2022, Nike co-founder Phil Knight reportedly offered over $2 billion for the team, but Allen declined. The NBA declined to comment. The Trail Blazers didn't immediately return request for comment. Sportico first reported news of the sale.
NBC Sports
24 minutes ago
- NBC Sports
CNBC & SPORTSENGINE PLAY TEAM UP FOR LIVE COVERAGE OF THE 2025 BABE RUTH LEAGUE WORLD SERIES
CNBC to Air U.S. and International Championship Games on Aug. 15, With World Championship Game Scheduled for Aug. 16 World Series & Regional Play-in Games Being Streamed Live on the SportsEngine Play Youth Sports Streaming Platform MINNEAPOLIS, Minn./ENGLEWOOD CLIFFS, N.J. (Aug. 12, 2025) – Leading business and financial news network CNBC and youth sports streaming service SportsEnginePlay will offer live television and streaming coverage of the Babe Ruth League's 2025 Cal Ripken Major 12/70 World Series, as well as its regional playoff games, to audiences across the U.S. throughout July and August. The Babe Ruth League Major 12/70 World Series, featuring the most-experienced players within the national Babe Ruth League footprint under the age of 12, will be televised nationally for the first time since 2008. CNBC will provide live coverage of all three championships from the iconic fields at Ballparks of America in Branson, Mo. The U.S. Championship will air on Friday, Aug. 15 at 7 p.m. ET, followed by the International Championship at 10 p.m. ET. CNBC will televise the World Championship live on Saturday, Aug. 16 at 4 p.m. ET. All three championship games also will be streamed simultaneously by SportsEngine Play, the new and rapidly growing youth sports streaming platform. Additionally, and leading up to the Championships, SportsEngine Play is livestreaming select regional playoff games, representing a variety of both baseball and softball divisions within Babe Ruth League – many determining which teams will advance to the World Series Championship games in Branson. 'The collaboration between CNBC and SportsEngine Play is significant and will elevate the Babe Ruth World Series experience for fans and families nationwide like never before,' said Will McIntosh, President of NBC Sports Next, the technology division within NBC Sports Group. 'We're excited to showcase the action and tell the stories of these young athletes who are competing at the pinnacle of their sport.' 'We're proud to bring the energy and tradition of the Babe Ruth League World Series back to fans through this unprecedented partnership,' said Steven Tellefsen, President & CEO, Babe Ruth League, Inc. 'Additionally, our ongoing collaboration with SportsEngine will ensure that our players now, and in the future, will be seen, supported and celebrated like never before.' The World Series events in 2025 are a component of a multi-year partnership. Beginning in 2026, SportsEngine Play will stream tournament games from all eight Babe Ruth League regions, as well as the championship games of the Babe Ruth Major 12/70 World Series. The partnership also will include SportsEngine HQ, a leader in technology services for youth and amateur sports, which will continue to provide Babe Ruth League with team-management technology, safety services, and streaming. SportsEngine technology serves thousands of small and medium-sized youth sports organizations, tournaments, the Governing Body community, professional sports leagues, and over 1,000 municipalities with its cutting-edge suite of technology solutions to dramatically reduce the time they spend on administration and communication, allowing them to focus more time on developing their athletes. As part of SportsEngine's leading youth sports technology brands, SportsEngine Play is the first-of-its-kind subscription streaming service for amateur sports, connecting millions of families and fans with events, games and tournaments featuring young athletes. The platform serves a constantly growing list of sports facilities nationwide and is constantly adding new competitive content through acquisition of streaming rights to elite amateur sports that will entertain and inspire. About CNBC CNBC, First in Business Worldwide, is the recognized global leader in business and financial news. With headquarters in New Jersey, London and Singapore, CNBC covers financial markets in real-time, offering breaking news, exclusive interviews, stocks and trading analysis, and in-depth reports on factors driving the economy. CNBC's mission is to help business leaders, the financial community and anyone with assets to invest or protect make informed money decisions and get ahead. CNBC's vast portfolio includes the TV channel, available in over 366 million households, hotels and office buildings across 154 countries; the online destination for the latest financial news and information; CNBC PRO, the network's premium subscription service with first access to markets and influential voices, as well as the CNBC app, podcasts, newsletters, live events, and social media and digital video platforms. About SportsEngine SportsEngine creates powerful technology and services to simplify and grow youth sports, making it easier for organizations to connect with coaches, families, athletes and fans. SportsEngine technology serves thousands of youth sports organizations, clubs, studios, franchises, tournaments, teams, National Governing Bodies, professional sports leagues and municipalities; and equips millions of coaches, families, athletes and fans with technology products that help simplify their sporting lives. The SportsEngine family of brands includes SportsEngine HQ, an industry leader in youth sports club, league and team management technology; SportsEngine Play, a first-of-its-kind subscription streaming service for capturing and viewing live and on-demand video of youth and amateur sporting events, and offering the industry's most comprehensive collection of player development and training content; SportsEngine Motion, an all-inclusive management software specifically developed for studio and class-based sports, as well as sports that conduct camps, clinics and private lessons; SportsEngine Tourney, a youth sports tournament management software; SportsEngine AES, a competition management software designed specifically for volleyball. Many of these offerings also provide technical integrations, making the youth sports experience more connected and simpler than ever before. SportsEngine also owns and operates the National Center for Safety Initiatives (NCSI), which provides youth sports background screenings to nearly 1 million coaches and volunteers to help keep youth sports experiences for young athletes safe and positive.
Yahoo
an hour ago
- Yahoo
Analysts Endorse Fiserv's (FI) Fundamentals, See Pullback as Opportunity
Fiserv Inc. (NYSE:FI) is one of the best large-cap tech stocks to buy now. On July 24, TD Cowen's Bryan Bergin reiterated his Buy rating on Fiserv but trimmed the price target to $188 from $233. Bergin's decision came a day after the company reported its Q2 2025 results. According to him, the stock has come under pressure after the results and a downward revision to the company's growth outlook. He acknowledges that execution issues, especially within the Merchant segment, are weighing on sentiment. However, he argues that Fiserv's competitive positioning and differentiated assets remain intact. He points to several operational initiatives that could help steady performance and drive roughly 10% revenue growth alongside more than 15% earnings expansion. Copyright: belchonock / 123RF Stock Photo The analyst also believes the market is assigning an overly cautious value to Merchant Solutions compared with peers, and that concerns about reliability are likely to ease over time. In his view, the current pullback offers an attractive entry point for long-term investors. In its July 11 investor letter, Giverny Capital Asset Management said it added Fiserv to its portfolio in Q2, citing the company's decades-long track record of double-digit annual earnings growth. Even with slower momentum in Clover (its point-of-sale and business management platform), they expect about 15% earnings growth this year to roughly $10 per share. Giverny also sees the current valuation as attractive, considering it trades just over 14x forward earnings versus the market's 20x. They also view Fiserv's extensive network of regional bank partners as a key competitive edge. Fiserv Inc. (NYSE:FI) is a provider of payments and financial services technology solutions that serves clients around the globe, including merchants, banks, credit unions, other financial institutions, and corporate and public sector clients. While we acknowledge the potential of FI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Most Oversold Semiconductor Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
