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Photo: Puck / Wikimedia Commons (Public domain)
Business
RedBird nears Puck stake, $250M valuation
Puck is in advanced talks with RedBird Capital Partners for a strategic recapitalization valued at about $250 million, with RedBird set to become the leading investor and buy out institutional backers while founders and staff retain their equity and editorial control. The deal aims to accelerate Puck’s growth across politics, entertainment, finance and fashion, following recent expansions such as acquiring Air Mail and amid a backdrop of investor activity in digital news media including Semafor’s funding.
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