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Report: Former NBA player to buy stake in Milwaukee Bucks

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Former NBA player Junior Bridgeman is planning to buy a stake in the Milwaukee Bucks, sources familiar with the matter told CNBC.

The sources said Bridgeman is set to buy a 10% stake that values the basketball team at $4 billion.

Bridgeman, who owns Ebony and Jet magazines, played for the Bucks from 1975 to 1984.

Read more from CNBC.

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