Welcome to the Wide World of Sports: Mergers and Acquisitions

Although the Ray Rice scandal has taken over the sports headlines, there have been a number of deals announced this week in the sports arena. The Deal's Michael Brown talks about the $1.2 billion acquisition of the Buffalo Bills, which was put on the block May 21, by Buffalo Sabres' owners Terry and Kim Pegula after the death of its owner Richard Wilson. The sale of the Bills comes two days after Bruce Levenson hired Inner Circle Sports LLC to sell his stake in basketball team the Atlanta Hawks. Other teams are on the block or could soon be on the block, and should continue to see strong interest from buyers, who are attracted to the sports world because of the high profile nature of owning a team and the fact that between media rights and ticket sales there remains upside for growth in the four major American sports.