Overview
- A deal announced Friday between Thrive Eternal and the Giants would add the venture firm as a minority, noncontrolling investor, pending MLB approval.
- The Giants confirmed the agreement and said league approval is required, while financial terms were not disclosed.
- The investment comes through Thrive Eternal, a new holding arm that plans to keep cultural assets without a set timeline to sell.
- Bob Iger rejoined Thrive as an adviser Thursday and is expected to be closely involved with the new arm, according to Bloomberg reporting.
- The Giants have recently brought in Sixth Street and Arctos as investors, reflecting a broader shift since MLB began allowing fund ownership in 2019, with Forbes valuing the team at about $4 billion.