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Chicago’s Second City comedy business could get a buyer from the Big Apple.
New York private equity investor Strauss Zelnick is in advanced talks to buy Second City, the Financial Times reported. Citing two sources, the paper said a deal for about $50 million could close this week.
It would be only the second sale in the legendary troupe’s 62-year history. Famous as a springboard to fame for many comics, Second City has had to shut its live shows because of the coronavirus pandemic. It has turned to online events, including its classes in improvisation, while developing customized programs for corporations.