What does the future hold for Raine after the sale is formally announced? Assume the partners wanted to cash out. Curious who ends up being the buyer.
Will be interesting to see what happens to Raine and now LionTree with these departures. End of the TMT Boutique era besides Allen?
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source?
Amelia Weitzman
insane news if true + source? Nothing online
Reported bids were already due. Being marketed off $100M of EBITDA.Been known for some time within space.
Will just be absorbed by larger bank and keep name post-transaction just like TPH, HW, Triple Tree, KippsDeSanto, inner circle, Clearsight, Cainbros.
BS story
They're not cashing out on this high at the moment
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