Red Sox Take Private Equity over SPAC: Report

RedBird Capital Partners confirmed buying a stake in Red Sox parent Fenway Sports Group, a transaction that values the company at $7.35 billion, The New York Times reports. The private equity investment came after talks with a SPAC reportedly fell apart.

RedBird’s founder, Gerry Cardinale, called the current SPAC market “very frothy.” Read more.

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