LeBron James’s SpringHill Is Said to Discuss Possible Sale (1)

SpringHill Co., the entertainment company backed by NBA star LeBron James, is talking to Nike Inc. and other potential bidders about a sale, according a person familiar with the situation.

The discussions are at an early stage, said the person, who asked not to be identified because the deliberations are private. The Information website previously reported on the sale talks, saying the company could fetch as much as $750 million in a deal. But the discussions also could lead to an investment rather than a sale, the publication said.

The move followed interest from suitors, said the person, ...