Platinum's Gores Said Buying Fund's Ownership Stake in Pistons

  • Gores owns 51% of the NBA franchise he bought in 2011
  • NBA owners said to approve his purchase of firm's stake

Platinum Equity founder and Detroit Pistons owner Tom Gores is buying his firm’s stake in the National Basketball Association team, giving him 100 percent of the franchise, according to a person with direct knowledge of the planned transaction.

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