Boston Red Sox owner John Henry is in discussions to take his sports holdings public - via an $8B blank-check combination, the WSJ reports.

The deal would merge the MLB team's owner, Fenway Sports Group LLC - also owner of English soccer's Liverpool Football Club - with RedBall Acquisition Corp. (NYSE:RBAC), the special purpose acquisition company launched by RedBird Capital Partners and Oakland A's exec Billy Beane.

RBAC is up 27.5% after hours.

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