December 19, 2022

Former CNN Chief Jeff Zucker to Go After Entertainment, Media and Sports Companies

Jeff Zucker, who ran CNN for nearly a decade, will manage a $1 billion capital injection from Abu Dhabi-backed International Media Investments, IMI and Jerry Cardinal's RedBird Capital Partners to pursue attractive mergers and acquisitions opportunities in the media and entertainment sector. The funding will go into a partnership called RedBird IMI, and is likely to chase assets similar to those in the Redbird Portfolio, which has $7 billion in capital under management and close ties in the entertainment industry, most recently backing Ben Affleck and Matt Damon in November in their production company called Artists Equity (AE).

Read the full version of the article at the link: bitcoinethereumnews.com