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LeBron James' SpringHill Media Company Looks To Sell Equity Stakes Valued Up To $750M

LeBron James is looking to make some big boss moves for his entertainment firm through new deals and a piece of the company potentially up for sale. According to a report from Variety, sources tell the outlet that SpringHill Co. — led by both James and his longtime business partner Maverick Carter — is entertaining early discussions with a range of potential investors across industries to sell a part of the media and entertainment firm that would value it up to $750 million. Potential deals on the table for James’ company include Nike as well as streaming-video providers and tech companies, according to a close source. Rather than selling the company itself outright, SpringHill Co. is leaning toward selling minority or majority equity stakes. The Information originally reported on the company’s sale, however, the publication shares that the source familiar with the firm’s discussions are more likely to lead to a future investment rather than a full-blown purchase. As previously...

Jul 14, 2021