REUTERS: BlackRock Inc is taking a stake in Authentic Brands Group LLC in a deal valuing the U.S.-based entertainment company at more than US$4 billion including debt, the Wall Street Journal reports on Sunday citing sources.
BlackRock is poised to become the largest shareholder of the company, replacing private-equity firm Leonard Green & Partners as Authentic Brands' largest shareholder, the WSJ https://www.wsj.com/articles/blackrock-to-take-stake-in-owner-of-sports-illustrated-nine-west-11565536592 said.BlackRock and Authentic Brands were not immediately available for a comment on the report.
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