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RedBird Capital Signs Deal to Acquire Majority Stake in Puck, Valuing Media-Biz Outfit at $250 Million

Photo: Variety

What happened

Puck, the five-year-old media upstart, has a new owner: RedBird Capital Partners, the investment firm that is a backer of other media companies including Paramount Skydance’s merger bid for Warner Bros. Discovery. RedBird is led by managing partner Gerry Cardinale (pictured above), who sits on the board of Paramount as a director. RedBird and Puck […]

Summary assembled by rule from the sources below

Why it's spreading

Timeline

  1. First appeared on VarietyVariety
  2. TheWrap started reportingTheWrap

Sources