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Dodgers’ $2 Billion Sale to Magic Johnson Group Is Completed

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May 1 (Bloomberg) -- The Los Angeles Dodgers closed their $2 billion sale to Guggenheim Partners executive Mark Walter and Basketball Hall of Fame member Magic Johnson, allowing the Major League Baseball team to exit bankruptcy.

“The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid,” according to a statement from the team.

To contact the editor responsible for this story: Jay Beberman at jbeberman@bloomberg.net

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