Private equity billionaire David Rubenstein to buy Baltimore Orioles

Carlyle Group co-founder David Rubenstein has signed an agreement to buy the Baltimore Orioles baseball club from the Angelos family for just over $1.7 billion, as first reported by Puck and confirmed by Axios. Why it matters: Ask any long-suffering Orioles fan. Details: Rubenstein would be control owner, according to a source familiar with the situation. • His minority partners are expected to include Orioles legend Cal Ripken Jr. and Ares Management co-founder Mike Arougheti, plus several other Maryland leaders and philanthropists. • The group would initially buy just under...