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...The payments were approved by a three-member “conflicts committee” made up of friends and business associates of the founders, the lawsuit claims....
...Former Credit Suisse shareholder Harris Associates had raised questions over the terms of the deal with Klein and his possible conflict of interest given the banker had been on the board for four years....
...With so many luminaries on scene from Hollywood, Wall Street and Silicon Valley, ordinary shareholders in Endeavor could feel like faceless extras....
...The Wall Street lender has a long-standing relationship with Disney, which has generated tens of millions in fees for the bank. It is also representing the company in its fight against Peltz....
...The Florida-based business also plans to launch Truth+, which will provide what it called “non woke” entertainment to the American public....
...Wall Street on Ozempic The novel weight loss drug is fuelling wild market predictions, from snack makers pivoting to produce, to airlines saving on fuel because of lighter passengers, The Wall Street Journal...
...The biggest falls were in the north and east, the 10th, 11th and 18th arrondissements – areas that had recent price booms....
...“The tide has gone out,” said Andrea Auerbach, head of private investments at Cambridge Associates, which advises large institutions on their private equity investments....
...In February Nasdaq chief executive Adena Friedman flew to Japan to lobby Masayoshi Son, founder of Arm owner SoftBank, for the listing in a trip that was first reported by the Wall Street Journal....
...Take a break from the news FT Alphaville publishes its 10th annual longlist of person of interest, as well as a round-up of FT staff’s favourite non-FT articles of the year....
...The New York-based firm has just raised $17.3bn, the largest fund in its 57-year history, joining a handful of established players such as Clayton, Dubilier & Rice, GTCR, CVC Capital Partners and TA Associates...
...If all that lands a bit like boilerplate lifted straight from the press literature of Luxury Hotel Company X, consider the Rosewood London, whose 10th anniversary the company is celebrating this year – the...
...On Tuesday, Endeavor announced the completion of its deal to acquire World Wrestling Entertainment and house it under a newly listed entity that also includes UFC....
...Behind closed doors, executives were pushing a different narrative, the Wall Street Journal reports. Great expectations Some saw Arm’s listing as a positive sign for a laggard IPO market....
...Hulu showdown: Iger battles Roberts Bob Iger and Brian Roberts, two of the most powerful figures in US entertainment, have competed against each other for decades....
...Through its majority ownership of Legends, the concessions and hospitality company, Sixth Street has a view into the operations of many of sport and entertainment’s top stadiums and arenas....
...The Wall Street Journal reports. Sink or swim Thames Water is treading for its life. FT Alphaville dives into its murky finances....
...Wall Street to Hollywood Despite being an entertainment outsider, Mike Cavanagh’s years spent steering JPMorgan through the financial crisis made good practice for his latest role turning round NBCUniversal...
...Netflix and Tesla open the run of quarterly tech results this week, while Goldman Sachs, Bank of America, BNY Mellon and Morgan Stanley bring to a close the earnings reports from Wall Street banks....
...It will be unveiled at a 10th anniversary event in May, on which the architect Luis Laplace is working....
...At the 10th anniversary of Mandela’s death on December 5 2013, it is difficult to square the complex, opaque man he was with the one-dimensional figure that his country remembers — and with whom it has grown...
...Several made the successful transition from junior analyst or associate to partner....
...Until recently, the assumption across Hollywood and Wall Street was that Disney would buy out Comcast’s Hulu stake next year....
...It’s rare for Trian, which owns a $900mn stake in the entertainment behemoth, to back down so easily....
...Oaktree Capital is seeking to raise $10bn for a new fund that will help finance large private equity takeovers, taking advantage of a void on Wall Street as other lenders are sidelined....
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