{"id":1351,"date":"2021-07-20T09:44:29","date_gmt":"2021-07-20T07:44:29","guid":{"rendered":"https:\/\/a2kadvisory.com\/?p=1351"},"modified":"2021-07-20T10:11:49","modified_gmt":"2021-07-20T08:11:49","slug":"lebron-james-springhill-media-company-looks-to-sell-equity-stakes-valued-up-to-750m","status":"publish","type":"post","link":"https:\/\/a2kadvisory.com\/fr\/2021\/07\/20\/lebron-james-springhill-media-company-looks-to-sell-equity-stakes-valued-up-to-750m\/","title":{"rendered":"LeBron James’ SpringHill Media Company Looks To Sell Equity Stakes Valued Up To $750M"},"content":{"rendered":"
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Photo Credit: Valerie Macon<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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LeBron James<\/a>\u00a0is looking to make some big boss moves for his entertainment firm through new deals and a piece of the company potentially up for sale.<\/p>

According to a report from\u00a0Variety,<\/a>\u00a0sources tell the outlet that\u00a0SpringHill Co.<\/a>\u00a0\u2014 led by both James and his longtime business partner Maverick Carter \u2014 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.<\/p>

Potential deals on the table for James\u2019 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.<\/p>

The Information\u00a0originally reported<\/a>\u00a0on the company\u2019s sale, however, the publication shares that the source familiar with the firm\u2019s discussions are more likely to lead to a future investment rather than a full-blown purchase.<\/p>

As\u00a0previously reported<\/a>\u00a0by AfroTech last year, SpringHill Co. raised $100 million to help the company build up the next media empire committed to employing Black creators and prioritizing Black consumers.<\/p>

With James\u2019 many years playing in the NBA, it created a foundation for his numerous business ventures, including SpringHill Co. which he describes as a company that\u2019s giving back creative control to Black and people of color.<\/p>

\u201cI\u2019ve always wanted to use the platform of basketball to empower those around me. Now I\u2019m incredibly excited about the opportunity to build a company that empowers creators, consumers, and everything it touches,\u201d James previously told\u00a0The Hollywood Reporter.<\/a>\u00a0\u201cThe SpringHill Company defines empowerment. You see it in the team we\u2019ve built, the stories we tell, and the community our work will serve.\u201d<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Une publication partag\u00e9e par LeBron James (@kingjames)<\/a><\/p><\/div><\/blockquote>