Venture Fund backed by RedBird Capital Partners, a private-equity firm, and International Media Investments, a funder with connections to the government of the United Arab Emirates
RedBird is committing $250 million to the investment venture, and IMI has agreed to commit the remaining $750 million. Jeff Zucker has also told confidants that, with RedBird IMI, he is interested in building a company that owns digital publications targeted at specific audiences, similar to Condé Nast, publisher of Vogue and The New Yorker.
Updated almost 3 years ago
Basic Info
| Types | Organization, Business |