LeBron James and Longtime Business Partner Secure $100 Million to Build Media Empire

The Los Angeles Lakers forward and longtime business partner Maverick Carter have secured $100 million in funding to consolidate their trio of media companies into a single conglomerate, whose goal is to produce content for underserved Black creators and consumers.Dubbed SpringHill Co., the entity received backing from investors that include financial services firm Guggenheim Partners LLC, News Corp.

On his Twitter account, the NBA star wrote that he was “incredibly proud” of the announcement. He added that, in his team of more than 100 employees, about 64% are people of color and 40% are women.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wee Hur Holdings to expand student accommodation business in AustraliaWEE Hur Holdings announced on Friday that its purpose-built student accommodation (PBSA) business trust in Australia has, through its wholly-owned-sub-trust, acquired properties there for a total consideration of A$46 million (S$44 million). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US lenders, businesses brace for disclosure on small business pandemic aidAmericans will soon get a first full look at which businesses received US$515 billion of taxpayer funds when the government, after initial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »