RedBird IMI, a joint venture investment platform focused on global media, entertainment, sports and news content properties, announced that it has completed its acquisition of All3Media from its joint owners, Warner Bros. Discovery (WBD) and Liberty Global (LBTYA, LBTYB and LBTYK). The deal has been approved by regulators in the United States, United Kingdom and Germany. “At BGP 1.15B, this was RedBird IMI’s largest completed transaction to date. Jeff Zucker, the CEO of RedBird IMI, has become the chairman of the All3Media board. The media company’s CEO Jane Turton and COO Sara Geater will continue to lead All3Media for RedBird IMI,” the company stated.
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