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Second City comedy club and school acquired by New York private equity firm

Pat Nabong/Sun-Times file Itโ€™s no joke: Chicagoโ€™s Second City has been sold for only the second time in its 62-year history. ZMC, a New York firm run by private equity investor Strauss Zelnick, said Thursday it has acquired the iconic comedy club and school, which has expanded into programs for corporations. Terms were not disclosed. The Financial Times has cited sources saying the deal could be worth $50 million. โ€œWe are very excited to partner with management and the incredible talent a...
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