Recently departed TikTok CEO Kevin Mayer is in advanced talks to join investment firm RedBird Capital, according to a source familiar with the situation.
The move would put Mayer, formerly chairman of Disney's direct-to-consumer business, at a company that has made investments across the sports, media and entertainment sectors.
It signals that RedBird founder Gerry Cardinale — who through his firm led a $275 million investment in David Ellison's Skydance Media in February — is looking to increase his holdings in media and entertainment.
Mayer, who spent much of his career working under Bob Iger at Disney, was a key architect of the entertainment giant's deals to acquire Marvel, Pixar and 21st Century Fox.
Read more on hollywoodreporter.com