LeBron James’ SpringHill Co. Moves Closer To Clinching Investment From Group Led By RedBird Capital

LeBron James’ SpringHill Co. Moves Closer To Clinching Investment From Group Led By RedBird Capital
SpringHill Co., the media and entertainment company controlled by LeBron James and Maverick Carter, is moving closer to clinching an investment led by RedBird Capital Partners.

Sources with knowledge of the process indicated it appears to be gaining momentum, but they did not specify the size of the stake or the total amount of the investment. When word surfaced earlier this year that SpringHill was in play, its valuation was pegged at about $750 million.

RedBird Capital has taken part in a string of sports media deals, including the Yes network acquisition and Dwayne Johnson and Dany Garcia’s purchase of the XFL. It is also an investor in Skydance, a prolific film and TV production outfit. Other entities in the mix to be part of the new investment in SpringHill include Nike and Fenway Sports Group.

People familiar with the negotiations expect James and Carter to remain in control of the company,
See full article at Deadline »

Similar News


Recently Viewed