LeBron James’ sports media company was valued at $725m in a round of undisclosed size that included Nike, Epic Games and Fenway Sports Group.
Corporates Nike, Epic Games and Fenway Sports Group (FSG) have bought a ‘significant’ minority stake in US-based sports entertainment studio SpringHill Company at a $725m valuation, Forbes reported yesterday.
Sports equipment producer Nike, computer game producer Epic Games and sports team owner FSG joined investment firm and FSG affiliate RedBird Capital Partners, which led the round, and University of California’s UC Investments vehicle.
Founded by basketball professional LeBron James, SpringHill produces a range of entertainment content across mediums like television,…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
