RedBird to Acquire Majority Stake in Puck

RedBird Capital Partners has agreed to acquire a majority stake in media startup Puck at a valuation of about 250 million dollars. The transaction will provide capital to accelerate growth while maintaining editorial independence.

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FILE PHOTO: Gerry Cardinale, founder, Managing Partner and C.I.O. of RedBird Capital Partners, departs the DealBook Summit in New York City, U.S., November 30, 2022.

RedBird Capital Partners has agreed to acquire a majority stake in Puck at a valuation of $250 million. The deal provides fresh capital to accelerate the five-year-old newsletter startup's growth initiatives.

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