LeBron James considering buying big media company: Report.
LeBron James’ Media Company Rumored to Eye Purchase of Complex Networks
NBA superstar LeBron James might be expanding his business ventures beyond basketball.
The four-time NBA champion co-founded the media corporation SpringHill Company, which is rumored to be considering the purchase of Complex Networks, a music and culture outlet owned by the struggling BuzzFeed.
While negotiations have not been confirmed, James’s company has supposedly floated a $100 million purchase for Complex. This offer would be a third of what BuzzFeed acquired Complex for in 2021, and CEO Jonah Peretti has “not been receptive to the idea,” the report noted.
Despite this, SpringHill has developed a strong reputation in the entertainment industry, with works including Hustle, SpaceJam: A New Legacy, and Redeem Team. The company was valued at $725 million in late 2021, according to the report.
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It’s important to note that while SpringHill’s potential acquisition of Complex Networks is still up in the air, it’s exciting to see James’s company expanding its reach beyond the basketball court.
- Will SpringHill’s purchase of Complex Networks come to fruition?
- What other business ventures will James and Carter pursue in the future?
- How will this potential acquisition impact the media industry?
Only time will tell, but one thing is for sure: LeBron James is not just a basketball superstar, but a savvy entrepreneur as well.
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