The company was reportedly talking to potential buyers and investors earlier this summer at a valuation of about $750 million.
has confirmed. There are also other parties to the deal.
As Hollywood undergoes something of an M&A frenzy , SpringHill is looking for capital, rather than an exit. James and Carter have told all parties the company is not for sale or in the market to be acquired, according to someone familiar with the matter.Space Jam: A New Legacy, about Muhammad Ali. It also has projects in development for Netflix and ViacomCBS.that the investment was in the works.
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