LeBron James and Maverick Carter's SpringHill Company valued at $725 million after sale of minority stake: "Discourse leads to great ideas"
CBSN
What started out as a mission for two boys from Akron, Ohio, just became a major investment.
Nike, Fenway Sports Group, Epic Games, and RedBird Capital Partners have acquired a minority stake in LeBron James' SpringHill Company, bringing its valuation to $725 million.
CEO Maverick Carter said as great as the valuation is, the investment represents years of hard work for Carter and James, who have been friends since they were children.
Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.