RedBird Capital Partners is signing a deal to acquire a majority stake in Puck, valuing the media company at about $250 million, according to reports citing a memo and additional coverage.
Puck is a relatively young media business, founded about five years ago, and the transaction links RedBird—an investment firm involved with other media deals—to a growing outlet. Variety identifies RedBird managing partner Gerry Cardinale as a key figure in the firm, noting he is also associated with Paramount through a board role. Other reporting focuses on the reported valuation and the fact that the stake is majority control, without adding further operational details.
The outlets largely agree on the core terms: RedBird’s acquisition of a majority stake and the $250 million valuation. Differences appear mainly in the background and context provided—such as RedBird’s broader media investments and leadership roles—rather than in the deal’s headline figures.
