Chinese Billionaire Lin Bin Buys Miami Dolphins Stake at $12.5B Valuation
Lin Bin, the Vice Chairman of Xiaomi, is acquiring a 1% stake in the holding company that controls the Miami Dolphins, Hard Rock Stadium, the F1 Miami Grand Prix, and a portion of the Miami Open tennis tournament. The $12.5 billion enterprise value sets a new high-water mark for a publicly known minority transaction in…