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Starting on Nov. 1, an option to begin the deal process for the 33% stake in the streaming platform — expected to be worth north of $9 billion — can be triggered.
This article was originally posted on hollywoodreporter.com
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A new rule allowing private equity ownership of up to 10% of teams can give owners more liquidity if they want to sell a small stake in their team.
The deal would significantly expand the telecom giant’s fiber internet ambitions.
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Scripps promotes him from engineering director to lead its NBC affiliate in central Kentucky.
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