Billionaire media magnate and former New York City mayor Michael Bloomberg has agreed to partner with Marc Lore and Alex Rodriguez on their in-dispute attempt to purchase the Minnesota Timberwolves, according to a person with knowledge of the deal who spoke to The Associated Press on condition of anonymity because details were not being made public.

The Minnesota Timberwolves ownership dispute is moving into mediation.

The ownership transfer of the Minnesota Timberwolves has slammed to a halt.

Alex Rodriguez was standing near his courtside seat, oblivious to a few fans who were snapping a quick photo of the baseball great as they walked by.

A person familiar with the situation tells The Associated Press that Denver Nuggets President of Basketball Operations Tim Connelly has agreed to take a similar role with the Minnesota Timberwolves.

Karl-Anthony Towns rebounded from two rough games with a career playoff-best 33 points and 14 rebounds, helping the Minnesota Timberwolves pull out a 119-118 victory over the Memphis Grizzlies.

Timberwolves owner Glen Taylor is expressing confidence the NBA team will remain in Minnesota under new ownership.

Minnesota Timberwolves owner Glen Taylor has reached agreement on his $1.5 billion sale of the club.

Former baseball star Alex Rodriguez and e-commerce mogul Marc Lore have signed a letter of intent to buy the Timberwolves and keep the NBA franchise in Minnesota.