All articles tagged with #bids
The NBA is moving toward adding two expansion teams in Las Vegas and Seattle, with bids reportedly near $7 billion for Seattle and potentially over $10 billion for Las Vegas, as the league accelerates the process with a target start in the 2028-29 season; final approval and timing remain uncertain.
NASA announced it will solicit bids to operate the Jet Propulsion Laboratory when Caltech's 68-year management contract ends in 2028, marking the biggest leadership shakeup in JPL's history. As a federally funded R&D center, JPL has faced cost pressures amid a booming private space sector, and NASA seeks a cheaper operator—potential bidders include Boeing, Lockheed Martin, and universities such as Caltech. The change could preserve JPL's robotic-mission legacy while shifting efficiency and work culture, though funding and missions remain controlled by Congress and NASA HQ.
A federal lease sale for roughly 1 million acres off Alaska’s Cook Inlet drew no bids, underscoring waning industry interest amid dwindling reserves and higher drilling costs. Alaska lawmakers called the outcome disappointing, environmental groups cheered, and Interior Department officials noted that Congress-mandated lease timelines will continue with five more Cook Inlet sales planned through 2032.
The Seidler family is accelerating the sale of the San Diego Padres, with five prospective buyers submitting bids, including Joe Lacob, Jose Feliciano, Dan Friedkin, and a Drew Brees–Vuori group. While Sportico estimated the franchise at about $2.31 billion, industry sources suggest the sale could exceed $2.5 billion and possibly approach $3 billion, a figure that would set a MLB record if realized, with a potential deal around Opening Day.
U.S. Steel is entering into confidential agreements as it evaluates bids, in an effort to maintain secrecy during the review process. The company is currently reviewing offers from potential buyers, as it explores options to sell some of its assets.