RedBird nears deal for Puck at $250mn valuation in latest digital media bet
AI Summary
RedBird, the investment vehicle led by American sports executive Josh Weinstein, is close to finalizing a deal to acquire Puck, a news commentary platform, at a $250 million valuation. This acquisition marks another significant bet by RedBird in the digital media space as it looks to expand its content offerings. Puck's focus on in-depth commentary and analysis could provide RedBird with a valuable addition to its portfolio, signaling a growing trend of high-profile investments in digital media ventures.
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