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New Deal


Announced

RedBird Capital, Fenway Sports, Nike and Epic Games to invest in SpringHill Company at a $725m valuation.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Minority

Cross Border

Media Agencies

Acquisition

Private

media content

Friendly

Private Equity

United States

Synopsis

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RedBird Capital, an investment firm, Fenway Sports, a global sports, marketing, media, entertainment, and real estate platform, Nike, a sports retailer, and Epic Games, an interactive entertainment company, agreed to invest in SpringHill Company, a provider of media content, at a $725m valuation. The new investment will enable SpringHill to expand its existing businesses and explore new categories and global markets. The company said it will consider M&A opportunities and connect with the creator community. It plans to build games and other digital experiences, and work with Epic to bring new content to the metaverse.

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