Money Matters - Simplified

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Tycoon is top contender to buy Pistons

Detroit -- Merger and acquisitions magnate Tom Gores is looking like the most likely buyer of the Detroit Pistons, sources tell The Detroit News.

The newspaper cites "sources close to the situation" who requested anonymity under a confidentiality agreement for the report. The basketball team has been valued at $479 million.

Gores, 46, and his group have twice visited team offices, the only interested group to do so, the report said. He made another visit Wednesday, but has not yet made a bid.