Big Ten’s $2.4 Billion Deal Talks Extended After Pushback (1)

The University of California’s investment arm is giving Big Ten members more time to consider its $2.4 billion new business venture, after opposition by at least one of its biggest members.

UC Investments had been in discussion with Big Ten leadership and its member universities to explore a long-term partnership centered around media rights.

The investment arm recognizes “that some member universities need more time to assess the benefits of their participation,” Jagdeep Singh Bachher, the University of California’s chief investment officer, said in a statement Monday. UC Investments added that it also needed more time to conduct ...