![]() “Vox Media has a great portfolio of premium digital brands that deeply engage broad audiences,” said Steve Burke, CEO, NBCUniversal. That deal will put BuzzFeed at a projected $1.5 billion valuation.īoth deals continue a media sea change, where big media behemoths lean on digital powerhouses to tap into younger audiences who aren’t tuning into older formats like the evening news or Sunday shows.Īlso Read: NBCUniversal Shake-Up: Layoffs Hit E!, Esquire as Marketing Departments Merge The legacy media company is also set to make a $200 million investment in BuzzFeed, a deal that would distribute its content on the viral news and video platform while also bringing BuzzFeed to some of its broadcast properties. The companies will also work on video advertising and programming Vox Media staffers will also pop up more on CNBC and NBC.Īlso Read: NBCUniversal Set to Invest $250 Million Into BuzzFeed The NBC-Vox deal will feature a digital advertising collaboration, Vox Media CEO Jim Bankoff said. The deal has a pre-money valuation of $850 million, according to Re/code, a value that really puts Vox in the $1 billion net worth area. Ellison is one of the top-10 richest people in the world with a net worth of $106 billion, according to Forbes.įounder and chair of Emerson Collective Laurene Powell Jobs: The widow of Apple co-founder and former CEO Steve Jobs, she has a 20% stake in the ownership group of the Washington Wizards and Washington Capitals.NBCUniversal and Vox made their $200 million deal official on Wednesday, the two companies announced. But also: There’s a friendship between Iger and Suns guard Chris Paul, and in that, Iger’s name makes the most sense out of these names.Ĭhairman and co-founder of Oracle Larry Ellison: He thought he was about to purchase the Golden State Warriors in 2010 before current owner Joe Lacob swooped in and got it at a cheaper price. While these are not hard-line reports, the names do indicate the expected potential for a historic purchase price for the NBA and WNBA franchises.Ī few names were thrown out there by Shelburne and Windhorst in the past 24 hours:Īmazon founder Jeff Bezos: Yes, the second-richest man in the world ($171 billion), per Forbes.įormer CEO of the Walt Disney Company Bob Iger: As we know from the relationship between ESPN and the NBA, not to mention Disney World’s hosting of the bubble during the pandemic, there is a strong tie between the league and Iger’s former company. When Jerry Colangelo sold team to Robert there was no professional broker, but many sales are used now with a broker to maximize value/auction setting. ![]() You go to third party do you have to offer to insiders or do they have any rights to match a third-party offer in the agreement. Windhorst’s ESPN colleague Ramona Shelburne believes the Suns could even be sold for $3-4 billion.īetween them, a few very rich people have surfaced as potential buyers. A lot of owners, they live on the coasts and they want to be able to get to their teams.” “I think this is going to be a very hot property. “I think it’s going to blow that out of the water,” Windhorst said. ![]() While Forbes last season valued the Suns at $1.8 billion - Sarver bought the team in 2004 for $401 million - the sale price could be much higher. The expectation is the Suns’ for-sale sign will draw plenty of interest, but it’s important to note Sarver - despite his suspension - holds control of who ultimately buys the team. Robert Sarver announces he will seek buyers for Phoenix Suns, Mercury
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