In this Aug. 2, 2016, file photo, Laurene Powell Jobs arrives for a State Dinner at the White House in Washington. Billionaire executive Laurene Powell Jobs has agreed to buy a 20 percent stake in Ted Leonsis’ Monumental Sports & Entertainment. A spokeswoman for Monumental confirmed to The Associated Press that there is an agreement in place with Powell Jobs pending approval from the NBA and NHL. Monumental owns the NBA’s Washington Wizards and NHL’s Washington Capitals. Powell Jobs, widow of former Apple co-founder and CEO Steve Jobs, is a philanthropist and entrepreneur and is president of the Emerson Collective. (AP Photo/Pablo Martinez Monsivais, File)
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