Entertainment
LeBron James’ Media Company to Merge With ‘Kardashians’ Producer
- NBA superstar’s SpringHill joins with Fulwell 73 of the UK
- Deal includes infusion of $40 million from existing investors
LeBron James
Photographer: Harry How/Getty ImagesLeBron James’ SpringHill Co. is merging with Fulwell 73, a union of two Hollywood production companies that their owners hope will better position them for success during a contraction in entertainment.
The two companies have been in talks about merging for months, as Bloomberg first reported, and the deal is expected to close before the end of the year. Their investors, a group that includes Nike Inc., Epic Games Inc. and Fenway Sports Group, will put a further $40 million into the business as part of the transaction. The companies didn’t otherwise disclose the terms of the deal.