Oberwager heads KKR’s media vertical and has led or co-led a series of big deals in recent years. He and Richard Sarnoff orchestrated the private equity firm’s $1.62 billion acquisition of Simon & Schuster from Paramount Global in 2023, sealing the deal after the Justice Department blocked a potential sale to Penguin Random House months earlier. Just prior to that purchase, he and Sarnoff sold audiobook company RBmedia in a July 2023 deal valued north of $1 billion. Oberwager oversaw KKR’s $400 million investment in Skydance Media in 2022 and advised its European deal team on Mediawan’s acquisition of a significant stake in Plan B, the production company co-founded by Brad Pitt. On the game side in 20023, PlayOn! Sports, which recently merged with digital ticketing company GoFan, acquired rSchoolToday, a software company for athletic departments.   

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