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NJ Nets Sold for $300M Brooklyn Basketball LLC, an investment group formed by Bruce Ratner that includes rapper Jay-Z, bought the New Jersey Nets basketball team from YankeeNets on Jan. 23 for $300 million. CIT Group to Sell Equity Porfolio to N.Y. Protostar Group for $101M CIT Group Inc. of Livingston, a commercial finance firm, announced Jan. 22 it would sell its direct private equity portfolio to Protostar Equity Partners of New York, a middle-market leveraged buyout firm, for $101.1 million. ADP Subsidiary to Be Sold for $5.2M Captiva Software Corp. of San Diego, a developer of content and document management software, announced last Thursday it would pay $5.2 million for ADP Context Inc., a business unit of ADP Claims Solutions Group Inc., which is in turn a subsidiary of Automatic Data Processing Inc. (ADP) of Roseland. ADP Context is a developer of coding, editing and clinical compliance products for the health care industry WebMD Pays $2M to Andrx Corp. to Acquire Physicians’ Online WebMD Corp. of Elmwood Park, a provider of healthcare systems services, announced last Tuesday that it paid $2 million for Physicians’ Online, a subsidiary of generic pharmaceutical maker Andrx Corp. of Ft. Lauderdale, Fla. Compiled by Amy E. Rice from Thomson Financial/Securities Data and other sources

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