Red Sox SPAC Talks With Billy Beane’s RedBall Said to Collapse
- Companies had discussed potential $8 billion merger last year
- Failed talks are becoming more common as SPACs proliferate
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Merger talks between the owner of the Boston Red Sox and blank-check firm RedBall Acquisition Corp. have fallen apart, according to a person with knowledge of the matter.
The transaction that had been discussed last year would have combined the baseball team’s parent company, Fenway Sports Group, with RedBall in a transaction valued at $8 billion, Bloomberg News previously reported.