Qualtrics co-founder Ryan Smith joins the NBA ownership club after buying the Utah Jazz [CNBC]
SVMK INC COMMON (SVMK)
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Source: CNBC
Ryan Smith, Co-Founder and CEO of Qualtrics peaks on stage during the 2015 Web Summit on in Dublin, Ireland.Clodagh Kilcoyne | Getty ImagesValues, transparency and a go-getter.Those are the early labels people who know him are using to describe pending National Basketball Association owner Ryan Smith. The co-founder of tech company Qualtrics agreed to purchase the 's ,the team announcedReports suggest that Smith willpay roughly $1.6 billionGail Miller"My family and I decided this was the right time to pass our responsibility and cherished stewardship of 35 years to Ryan and Ashley, who share our values and are committed to keeping the team in Utah," said Miller in a statement. "We have every confidence they will continue the work we have undertaken and move the team to the next level. Our family remains invested in the success of the and these businesses, and we will retain a minority interest."After completion, which needs approval from the league's board of governors, Smith will be
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