Straus Group Is Said to Weigh Minnesota Timberwolves Purchase

The Straus Group, the family office of Daniel E. Straus, is exploring a purchase of the NBA’s Minnesota Timberwolves from billionaire owner Glen A. Taylor, according to people with knowledge of the matter.

The firm is one of multiple suitors for the basketball franchise, said the people, who asked not to be identified because the information is private. It couldn’t immediately be learned if the group was working alone or as part of a consortium.

A representative for Straus declined to comment. The Fort Lee, New Jersey-based firm invests in assets such as hedge funds, real estate, private ...