BlackRock buys large stake in Sports Illustrated owner

//BlackRock buys large stake in Sports Illustrated owner

BlackRock buys large stake in Sports Illustrated owner

BlackRock Inc. has become the largest shareholder of the company that owns brands including Sports Illustrated, Nautica, Nine West, Juicy Couture and Aéropostale. Through a new fund dubbed BlackRock LTPC, the firm has made a strategic investment of $875 million in Authentic Brands Group (ABG). The deal values the closely held brand development, marketing and entertainment company at more than $4 billion including debt, according to The Wall Street Journal, which first broke the story. Colm Lanigan,…

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By | 2019-08-12T12:46:31+00:00 August 12th, 2019|Economics|

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