(CercleFinance.com) – Skydance Media announced on Thursday the completion of a $400 million strategic investment round led by KKR and joined by the Ellison family, which remains the company’s majority shareholder.
The fundraising and access to KKR’s expertise and global network will help accelerate Skydance’s growth initiatives in sports and interactive entertainment, as well as the continued expansion of other sectors.
“Skydance has created a diverse collection of premium content in multiple formats, and we’re only at the beginning of what they can accomplish,” says Ted Oberwager, partner in KKR’s Americas Private Equity practice. .
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