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30.09.2022 / 21:45

Ari Emanuel Urged Twitter to Settle With Elon Musk Ahead of Trial Over $44 Billion Deal (Report)

Todd Spangler NY Digital Editor Ari Emanuel, the legendary Hollywood agent who is CEO of Endeavor, reportedly got involved in the dispute between Twitter and Elon Musk over Musk’s attempt to nix his takeover of the company — but it’s not exactly clear why. Within the “past few weeks,” Emanuel had reached out to Twitter board member Egon Durban to suggest the social network work with Musk to “find a solution” to their legal fight ahead of a trial scheduled to commence Oct. 17 in Delaware Chancery Court, according to a report by Bloomberg Law citing anonymous sources. Emanuel has ties to both Durban and Musk. Durban, co-CEO of tech investment firm Silver Lake, currently sits on Endeavor’s board. Musk had been on Endeavor’s board of directors before resigning in March 2022.

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02.04.2024 / 17:15

Endeavor to Go Private in Deal With Silver Lake Valuing Company at $13 Billion

Todd Spangler NY Digital Editor Endeavor, three years after the sports and entertainment company went public, announced that it has entered into an agreement to be acquired by private-equity firm Silver Lake. The deal gives Endeavor an equity value of $13 billion, the companies said.

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15.09.2023 / 14:23

Ari Emanuel Offered to Run Twitter for $100 Million, but Musk Rejected the ‘Insulting’ and ‘Insane’ Proposal, Book Claims

Todd Spangler NY Digital Editor Ari Emanuel reportedly made an offer that Elon Musk could refuse. Last year, Emanuel, chief executive officer of media and talent-representation conglomerate Endeavor, texted his friend Musk with an offer to take on the job of managing Twitter, according to “Elon Musk,” Walter Isaacson’s sprawling new biography of the techno-titan. Emanuel, in a three-paragraph text sent on the Signal encrypted messaging app, proposed that he and Endeavor would run Twitter (which is now called X) on Musk’s behalf, per Isaacson’s book.

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12.09.2023 / 13:17

WWE, UFC Merger Is Official: New TKO Group Unveils Growth Strategy, Board, As Stock Set To Hit NYSE

UFC, the mixed martial arts powerhouse, has officially tied the knot with Vince McMahon’s professional wresting juggernaut WWE, creating a new company called TKO Group that starts trading on the New York Stock Exchange today.

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26.05.2022 / 01:41

Twitter Fined $150 Million by FTC for Alleged User-Privacy Violations

Todd Spangler NY Digital EditorThe Federal Trade Commission levied a $150 million fine on Twitter, alleging that the social network profited by allowing advertisers to use private data to target specific users.According to the agency, Twitter violated a 2011 FTC order that “explicitly prohibited” the company from misrepresenting its privacy and security practices. In addition to the $150 million fine, Twitter is banned from “profiting from its deceptively collected data,” the FTC said.In August 2020, Twitter disclosed that it expected to face an FTC fine of $150 million to $250 million related to the allegations.In a blog post, Twitter chief privacy officer Damien Kieran wrote, “Keeping data secure and respecting privacy is something we take extremely seriously, and we have cooperated with the FTC every step of the way.

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25.05.2022 / 21:59

Twitter Stockholders Vote Against Board Member Egon Durban At Annual Meeting; CEO Parag Agrawal Mum On Musk Deal

Shareholders of Twitter voted not to approve Egon Durban’s seat on the social media company’s board of directors at its annual meeting. Durban, the co-CEO and managing partner of Silver Lake, was one of two directors up for election today for a three-year term.

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19.08.2021 / 00:29

Endeavor Appoints Tech Executive Jacqueline Reses to Board of Directors

Jennifer Yuma editorEndeavor Group Holdings has appointed technology executive Jacqueline Reses to its board of directors.The move expands the Endeavor board to eight members: Endeavor CEO Ari Emanuel, Endeavor executive chairman Patrick Whitesell, Silver Lake co-CEO Egon Durban and managing director Stephen Evans, Tesla CEO Elon Musk, Uncle Nearest CEO Fawn Weaver and former Xerox chief Ursula Burns. Reses, a Yahoo alum who is now CEO of tech-focused investment firm Post House Capital, marks the board’s fourth independent director.Reses was previously executive chair of Square Financial Services LLC and capital lead at Square, Inc.

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19.07.2021 / 21:05

Ursula Burns, Former CEO Of Xerox And Veon, Joins Endeavor Board

Endeavor Group Holdings has added Ursula Burns, former CEO of Xerox and telecom firm Veon, to its board of directors.

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hollywoodreporter.com

08.04.2021 / 20:28

LL Cool J's Rock the Bells Brand Raises $8M In Series A Funding

LL Cool J is planning a significant expansion of his Rock The Bells direct-to-consumer business. The actor and rapper has raised $8 million in a Series A funding round for Rock The Bells, led by Raine Ventures.

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hollywoodreporter.com

06.07.2020 / 12:36

Twitter Inks $1B Investment Deal With Elliott Management, Silver Lake

Twitter has reached a settlement with activist investor Elliott Management that includes tech investor Silver Lake taking a $1 billion stake in the social media giant and co-founder and CEO Jack Dorsey remaining at the helm, at least for now. Twitter also inked a cooperation agreement with Elliott Management that will see Silver Lake’s investment, together with cash on hand, fund a $2 billion share repurchase program.

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06.07.2020 / 12:26

Jack Dorsey Remains Twitter CEO After Company Makes Peace With Activist Investor

Jack Dorsey will continue at helm of Twitter after the company reached an agreement with activist investor that had been potentially looking to oust the social network’s co-founder.

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06.07.2020 / 12:26

Twitter In Peace Deal With Activist Investor Elliott Management: Jack Dorsey To Stay CEO, Silver Lake Invests $1B

By Jill Goldsmith

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