NBA star LeBron James' newly formed entertainment and consumer products firm The SpringHill Company has received investments fromElisabeth Murdoch and Stacey Snider's production company Sister (Chernobyl), Guggenheim Investments, The University of California's UC Investments and private equity firm SC.Holdings.
Financial details of the funding, unveiled on Thursday, and the sizes of the investors' stakes weren't disclosed, but Bloomberg News put the overall investment at $100 million.
Sister is the only non-financial backer, becoming a strategic partner for SpringHill with the ambition to identify projects over time that the firms can work on together.
Read more on hollywoodreporter.com
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