.3bn company acquires stakes in ‘one of most iconic sports franchises in America’

📂 Categoría: Baseball,MLB,San Francisco Giants | 📅 Fecha: 1777298597

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The San Francisco Giants have teamed up with Investment firm Thrive.

It recently raised $10 billion in a funding round that valued the company at $5.3 billion.

4

Oracle Park is a huge asset for the GiantsCredit: Getty

Thrive normally invests in AI and has a major stake in OpenAI.

But the company is looking to diversify and purchased a minority stake in the Giants as its first sports franchise stakeholding.

Controlling owner Greg Johnson will remain in command of the MLB franchise, valued at $4.05 billion.

Johnson’s father was part of the consortium that acquired the Giants in 1993.

The deal needs 75 percent of MLB owners to vote it through.

Joshua Kushner founded Thrive in 2009 and switched focus from tech to AI.

A new Thrive Eternal subsidiary has been set up to invest in “cultural institutions” that are a supposedly safe bet as AI shakes up global markets.

Kushner said it will target: “Assets with qualities that cannot be replicated by technology. Iconic franchises and cultural institutions rooted in tradition, identity, and shared experience. In a world shaped by abundant intelligence where creation scales and distribution fragments, we believe they will matter even more.

The San Francisco Giants have teamed up with Investment firm Thrive.

It recently raised $10 billion in a funding round that valued the company at $5.3 billion.

4

Oracle Park is a huge asset for the GiantsCredit: Getty

Thrive normally invests in AI and has a major stake in OpenAI.

But the company is looking to diversify and purchased a minority stake in the Giants as its first sports franchise stakeholding.

Controlling owner Greg Johnson will remain in command of the MLB franchise, valued at $4.05 billion.

Johnson’s father was part of the consortium that acquired the Giants in 1993.

The deal needs 75 percent of MLB owners to vote it through.

Joshua Kushner founded Thrive in 2009 and switched focus from tech to AI.

A new Thrive Eternal subsidiary has been set up to invest in “cultural institutions” that are a supposedly safe bet as AI shakes up global markets.

Kushner said it will target: “Assets with qualities that cannot be replicated by technology. Iconic franchises and cultural institutions rooted in tradition, identity, and shared experience. In a world shaped by abundant intelligence where creation scales and distribution fragments, we believe they will matter even more.

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📰 Publicación: talksport.com
✍️ Autor: Jamie Gordon
📅 Fecha Original: 2026-04-27 13:56:00
🔗 Enlace: Ver artículo original

Nota de transparencia: Este artículo ha sido traducido y adaptado del inglés al español para facilitar su comprensión. El contenido se mantiene fiel a la fuente original, disponible en el enlace proporcionado arriba.

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