LeBron James is known for his prowess at basketball, but his off-the-court ventures are equally as notable. LeBron James has had remarkable success in the business world, and it looks as though he could get even wealthier.
An article by Todd Spangler of Variety has revealed that SpringHill Co., a media and entertainment company is in talks to sell part of its equity to a variety of its investors. The move would value SpringHill Co., at $750 million.
SpringHill Co., led by LeBron James and Maverick Carter, is in early discussions with a range of potential investors to sell a piece of the media and entertainment firm that would value it at upwards of $750 million, Variety confirmed.
The inbound interest in SpringHill has ranged across industries. Parties that have engaged with SpringHill on a potential deal have included Nike, as well as streaming-video providers and tech companies, according to a source familiar with the talks.
News that SpringHill was in talks including with Nike about a potential sale was first reported by The Information. However, SpringHill is not looking to sell itself outright. Rather, the company is exploring selling minority or majority equity stakes, sources tell Variety.
The LeBron James-led SpringHill Co., has a lot of interesting projects, notably the upcoming Space Jam: A New Legacy, which will star James in the leading role next to some perennial Looney Tunes favorites. While there isn't any indication on when any sale will potentially be finalized, it seems as though this is a great development for LeBron James.