RedBird Capital Signs Deal to Acquire Majority Stake in Puck, Valuing Media-Biz Outfit at $250 Million

By Todd Spangler

Todd Spangler

NY Digital Editor

Latest

• RedBird Capital Signs Deal to Acquire Majority Stake in Puck, Valuing Media-Biz Outfit at $250 Million 3 minutes ago
• Paramount to Raise $7.5 Billion More in Debt to Fund Warner Bros. Deal 1 hour ago
• Judge Orders Trump White House to Restore Access to CNN, MS NOW, Politico Immediately 3 hours ago

Puck, the five-year-old media upstart, has a new owner: RedBird Capital Partners, the investment firm that is a backer of other media companies including Paramount Skydance’s merger bid for Warner Bros. Discovery.

RedBird is led by managing partner Gerry Cardinale (pictured above), who sits on the board of Paramount as a director. RedBird and Puck signed an agreement for the investment, and the deal is expected to close in about a month, pending regulatory approval.

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