There has been speculation for several years whether Kohl, a former US senator, might sell the team.
"When I bought the Milwaukee Bucks back in 1985, it was for one reason-to keep the team here," Kohl said. "To this day, that remains a top priority. We are proud to be an NBA city. We are very grateful to our fans and business partners who support us."
The Atlanta Hawks have recalled guard Dennis Schroder from the Bakersfield Jam of the NBA Development League.
In addition, guard Jared Cunningham has been assigned to the Jam.
The Memphis Grizzlies have signed forward James Johnson of the NBA Development League's Rio Grande Valley Vipers.
Johnson (6-9, 245) joins the Grizzlies after averaging 18.5 points, 9.1 rebounds, 4.8 assists, 1.90 steals and 3.40 blocks in 10 games for Rio Grande Valley this season.