Hints and tips:
...“People needed those assurances to buy, because they were hyper aware of [the legal] risk,” said one IP lawyer working on the issues....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...Revlon’s drama returned on Thursday when a US appeals court ruled in favour of Citigroup in its effort to claw back about $500mn of its own money that it wired to the cosmetics company’s lenders by mistake, DD...
...It made its investment in Legendary on a preferred basis, giving it seniority to equity holder Dalian Wanda, a foundering Chinese conglomerate that overpaid for the outfit, spending $3.5bn in 2016....
...Magnetar Capital, a company with more than $12bn in assets, also increased its Spac allocation from $751m to $2.9bn over the same period as Millennium, ranking it as the second-largest holder of Spacs....
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...Viewed through DD’s Zoomed-out eyes, the Manhattan of a decade ago is nothing short of an exotic island....
...But Blackstone’s GSO Capital believes that the IP collateral belongs to it and other loanholders who are looking to halt Elliott’s gambit....
...Here at DD we’ve been interested in the intersection between finance and sport for a while now....
...Senior and junior creditors (and perhaps equity holders) would argue about how much a reorganised company was worth....
...This makes SoftBank the majority equity holder in the Vision Fund....
...DD is delivered daily Tuesday-Friday at 5am GMT. DD is now in its third month. If you want to sign up and see all previous editions you can do so here....
...Entities like Round Rock Research, which assumed more than 4,000 patents from Micron Technologies; Mulltimedia Patent Trust, backed by Alcatel-Lucent; and Smartphones LLC, holder of a batch of former PalmSource...
...“The sign on the wall says ‘Copyright DD IP Holder LLC’. That’s a bankruptcy-remote SPE set up for the benefit of noteholders [in the securitisation],” Mr Hedman says....
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