BlackRock to Take Stake in Owner of Sports Illustrated, Nine West - USA DAILY NEWS

BlackRock to Take Stake in Owner of Sports Illustrated, Nine West

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BlackRock Inc. has become the largest shareholder of the company that owns brands including Sports Illustrated, Nine West and Aéropostale in the first deal for the investment company’s new private-equity fund.

BlackRock is taking a roughly $875 million stake in Authentic Brands Group LLC that values the closely held brand development, marketing and entertainment company at more than $4 billion including debt, according to people familiar with the matter.

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