The Latest Breaking News from Thrive Capital

Another Kushner's World Cup Deal in Trouble After FIFA Abandons Plan To Sell 20% Stake

Joshua Kushner's attempt to acquire a 20% stake in World Cup commercial rights collapsed amid legal scrutiny and backlash from football federations, questioning the $4.2 billion valuation.

International Business Times UK · Aug 31

Uefa raises stakes with criminal complaint in battle to unseat Infantino

Uefa has begun a legal process against the embattled Fifa president but it will still be an uphill struggle to remove him

The Guardian - UK · Aug 27

One of the VC world's biggest stars is doubling down on sports in a big way, and there's a compelling tax reason behind the strategy

Thrive Capital founder Joshua Kushner's $12.5 billion deal with former Disney CEO Bob Iger to buy the Los Angeles Lakers vaults him into an elite club.

Fortune · Aug 19

Internet Jokes 'The Lakers Can't Lose Now' After Trump-Linked Josh Kushner Set to Buy the Team: Who Is He?

The Los Angeles Lakers are on the verge of a record $12.5 billion sale to Bob Iger and Josh Kushner, marking the most expensive transaction in North American sports history.

International Business Times UK · Aug 12

Bob Iger and Josh Kushner buy the LA Lakers for a record-breaking $12.5 billion, up 25% in just the 14 months since Mark Walter bought them

The pair are buying the team from Mark Walter, who paid $10 billion for it just over a year ago, and someone who Magic Johnson once said would own the team for decades.

Fortune · Aug 12

Don't Hate the Dodgers for Dominating So Much, Hate the Bankruptcy Court That Helped Them Do It

Plus: FIFA’s president doesn’t understand his own organization's politics; a solid new pickleball movie

Reason · Aug 4

FIFA's Infantino sought Trump backing after failed World Cup sell-off plan, NY Post reports

FIFA President Gianni Infantino sought Trump administration support after a commercial rights deal collapsed. He felt isolated amid negative media coverage following the failed initiative. Infantino had previously forged a close relationship with President Trump. The abandoned deal was reportedly anchored by Thrive Capital, founded by Trump's son-in-law. Reports of…

The Economic Times · Aug 3

Will Infantino survive Fifa’s latest scandal? Trump’s involvement changes everything

WHAT COMES NEXT FOR FIFA? : Many Fifa insiders would still see a path to survival for the embattled Fifa president, despite the outcry over his World Cup sell-off plans, if it wasn’t for the close association with the Trump empire. By Miguel Delaney

The Independent UK · Jul 31

Who is Joshua Kushner? FIFA's $4.2bn World Cup plan puts Democrat's ties with Trump in spotlight

Fifa’s $4.2bn plan to sell 20% of its new commercial arm has put Joshua Kushner at the centre of a deal drawing scrutiny. He is a Democrat, yet his proximity to Donald Trump’s circle has raised an obvious question: how did his firm emerge as the proposed lead investor?

The Times of India · Jul 31

DeepMind CEO Demis Hassabis’ Isomorphic Labs raises $2.1 billion led by Thrive Capital

AI-driven drug discovery firm Isomorphic Labs secured a massive $2.1 billion in Series B funding. This capital will fuel the expansion of their AI drug design engine and advance therapeutic candidates. The investment underscores strong confidence in their innovative approach to tackling diseases.

The Economic Times · May 13