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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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LeBron James In Early Talks With Nike, Others For Sale Of His SpringHill Company; $750M Valuation, According to Bloomberg
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deadline.comWhat’s the old adage, buy low and sell high? With principal LeBron James set to open Warner Bros.’ Space Jam: A New Legacy this weekend, Bloomberg has confirmed a report that James and longtime business partner Maverick Carter are exploring a sale of their SpringHill Entertainment.
The news was first reported by The Information.Conversations are said to be in the early stages, with a valuation as high as $750 million.
Nike is reportedly among the suitors.James and Carter may only be looking for investors, however, rather than an outright sale.
Whatever the case, the fact that Lakers’ superstar and his business partner formed SpringHill Co. just last year after raising $100 million and now could conceivably cash out at a profit is
Read more on deadline.com
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