With a Valuation of $725 Million, LeBron James' SpringHill Company Gains Major Investors

The business portfolio of Los Angles Lakers basketball player, LeBron James keeps expanding.

By Cedric 'BIG CED' Thornton

This story originally appeared on Black Enterprise

The business portfolio of Los Angles Lakers basketball player, LeBron James keeps expanding. The entertainment company, SpringHill, co-founded by James and his business partner, Maverick Carter, is reportedly selling a minority stake of the company to a group of high-profile investors.

The estimated valuation of SpringHill: $725 million.

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According to the New York Post, the companies that have joined SpringHill as investors are sports clothing and footwear giant Nike; Epic Games, the creator of the popular battle royale game "Fortnite"; private equity firm RedBird Capital Partners; and the parent company of sports teams like the Boston Red Sox, Fenway Sports Group.

SpringHill Co. encompasses SpringHill Entertainment, Uninterrupted, and the Robot Co. marketing agency.

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