Showing posts with label Bob Pittman. Show all posts
Showing posts with label Bob Pittman. Show all posts

Tuesday, March 20, 2012

Bob Pittman and Kenneth Lerer among the twelve minority investors

According to The Wall Street Journal, Media executive Bob Pittman and venture capitalist Kenneth Lerer are among several investors who combined to purchase one $20 million stake in the Mets, according to a person familiar with the deal.

The Mets completed the sale of 12 minority stakes in the team for $240 million last week. They publicly acknowledged the deals for the first time Tuesday but declined to identify any outside investors. "We will not be providing any further details on the transaction," the team said in a statement.

Pittman is chief executive of Clear Channel Media Holdings. Lerer is manager of Lerer Ventures, a seed stage venture capital fund, and a co-founder of The Huffington Post. His investment was made with personal funds, the person said.

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