A bevy of well-known properties live within LeBron James’ production house and entertainment firm, The SpringHill Company — “Space Jam: A New Legacy,” media platform Uninterrupted, and HBO’s “The Shop,” to name a few.
On Tuesday, The Information reported that the company is exploring a possible sale at a valuation of up to $750 million. Nike is said to be among the suitors.
There’s a chance that the conversations spur an investment rather than a sale, and talks are said to be in very early stages, with SpringHill not having yet opened a formal process.
Last June, the company secured $100 million in funding from a who’s who of investors:
- Investment and advisory firm Guggenheim Partners
- University of California’s UC Investments
- News Corp. heir Elisabeth Murdoch’s production company Sister
- Entrepreneur Jason Stein’s investment fund SC.Holdings
James scored his first major equity payout when Beats by Dre sold to Apple for $3 billion in May 2014. He’d taken a stake in Beats in 2008 in exchange for promotion and pocketed $30 million from Apple’s acquisition.
Earlier this year, Forbes reported that James will reach billionaire status by the end of 2021.
Editor’s Note: SC.Holdings is an investor in FOS.