NBA's Utah Jazz Sold To Software Co. Qualtrics' Co-Founder

Law360 (October 28, 2020, 5:00 PM EDT) -- The co-founder and CEO of management software company Qualtrics has agreed to buy the NBA's Utah Jazz from its longtime owners, the two sides said Wednesday, marking the league's first ownership change since Alibaba Group co-founder Joe Tsai acquired a 49% interest in the Brooklyn Nets back in 2018.

Financial details were not disclosed, but multiple media reports peg the deal's value at $1.66 billion. The sellers are the Miller family, including Gail Miller, owner and chair of the Larry H. Miller Group of Companies, or LHM Group. Under the terms of the transaction, Ryan Smith, who co-founded Utah-based Qualtrics and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!