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Utah Jazz Sold to Qualtrics Founder Ryan Smith for $1.66 Billion – The Wall Street Journal

The owners of the Utah Jazz struck a deal to sell the team to Qualtrics chief executive Ryan Smith for $1.66 billion, according to a person familiar with the matter, making the Jazz the first NBA team to change hands during a pandemic.

Smith is the 42-year-old co-founder and CEO of Qualtrics, a startup based in Provo, Utah, that was purchased by software giant SAP for $8 billion in 2018, days before the company was scheduled to begin selling shares to the public. Smith, an entrepreneur who grew up in Utah and graduated from…

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