American investors are making a big move into Indian cricket, with two separate billion-dollar deals made on the same day for teams in the country's most popular sports league. No team in the Indian Premier League — one of Asia's most-watched sports events — had ever sold for more than $1 billion until a consortium backed by U.S. businessmen Kal Somani and Rob Walton — the former Walmart chairman — agreed Tuesday to buy the Rajasthan Royals in a deal that Indian media valued at $1.63 billion.
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