Friday Mailing #48: Lebron's SpringHill Zigs Where Reese's Hello Sunshine Zagged
Despite both popular “Metaverse” business logic and more line items than Hello Sunshine, SpringHill may have a more conservative valuation than Hello Sunshine
Yesterday it was announced that Lebron James’ and Maverick Carter’s SpringHill The SpringHill Company sold a “significant minority stake” to a consortium of investors that includes private equity firm RedBird Capital, Nike, Epic Games and Fenway Sports Group.
The valuation of the deal was $725MM.
The outcome invites obvious comparisons to the $900MM sale …
Keep reading with a 7-day free trial
Subscribe to The Medium from PARQOR to keep reading this post and get 7 days of free access to the full post archives.