RedBird Capital

New On The Block Abry Partners hired JPMorgan Chase to find a buyer for physician social network Sermo, Axios reports. Bids are expected to be between $600 million and $800 million. Boston-based Abry first invested in Sermo in 2019. Verint Systems Inc. (NASDAQ:VRNT), a provider of call center...

Media company Paramount Global (NASDAQ:PARA) agreed to a merger with Skydance Media to form "New Paramount," valuing the combined company at $28 billion. Here's a look at what analysts are saying and how Paramount Non-Executive Chairwoman Shari Redstone sees the deal playing out. What Happened:...

Media magnate Byron Allen has shown interest in acquiring Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), intending to privatize it before eventually launching an IPO, as revealed on CNBC’s “Last Call.” What Happened: During a discussion with Brian Sullivan on CNBC on Tuesday,...

Former CNN chief Jeff Zucker has reportedly taken a minority stake in Front Office Sports, the sports media-focused startup, through his $1 billion investment fund RedBird IMI, marking the first acquisition since his fund’s inception. Zucker's RedBird IMI is a collaboration between U.S.-based...

NBA star LeBron James has played for three NBA teams and has had $1 billion in career earnings including salary and endorsements. He can now add another title to his resume: National Hockey League (NHL) team owner. What Happened: A rumored deal between the Pittsburgh Penguins of the NHL...