Take-Two CEO Nears Deal to Acquire Second City

Financial Times: Strauss Zelnick’s private equity firm is in advanced talks to buy Second City, the storied comedy group that has launched stars including Tina Fey and the late John Belushi. A deal could be agreed as soon as this week. The price was not disclosed but the company was expected to fetch about $50 million. Second City has been hit hard by the pandemic, which brought the live events business to a halt in the US.