Hints and tips:
...As markets hit record highs, the ratio of corporate insider selling to insider buying is at the highest level since the first quarter of 2021, according to Verity LLC, which tracks insider trading disclosures...
...Hollywood entertainment group Endeavor and its private equity partner Silver Lake, which have controlled Learfield since 2018, will become minority partners under the restructuring terms....
...Other private equity deals in the agency world included Silver Lake’s investment in Ari Emanuel’s William Morris in 2012 and EQT’s investment in United Talent Agency last year....
...As part of the transaction, Endeavor became a separate talent agency with other businesses spanning sports media rights and data analytics, but kept a controlling stock interest in the merged combat sports...
...If markets are efficient then no easy pickings should exist for Silver Lake and its team....
...The belated IPO pitch highlighted Endeavor’s growing dominance in multiple areas of media and entertainment: global sports, live events and talent representation....
...Raine was an adviser when Silver Lake invested $500mn into City Football Group, owner of Premier League champions Manchester City, in 2019, and on the sale of Olympique Lyonnais in 2022....
...“If you see us invest right now, by definition it will be a big all-in bet,” Durban told the Financial Times in a rare media interview....
...In today’s newsletter: DD chats with Silver Lake’s Egon Durban Private credit pounces on loan deals Silver Lake prepares for big ‘all-in’ bets US private equity group Silver Lake is up to big things....
...“The regulatory environment is having an impact,” said Charles Rule, a lawyer at Rule Garza Howley who specialises in antitrust matters....
...To August 16; further information and tickets here ‘Charles Gaines: 1992—2023’, Institute of Contemporary Art, Miami To illustrate Charles Gaines’s contribution to the world of conceptual art, 60 of his...
...“Don’t listen to the media. They love to say it can’t be done. It absolutely can be done,” she said....
...Charles Elson, a corporate governance expert at Delaware university, sees these concurrent relationships as a potential conflict of interest that might concern prospective Arm investors....
...Smart reads Succession IRL Rupert Mudoch’s legal troubles, health issues and tumultuous personal life are threatening to unravel his media empire as it enters its next chapter, Vanity Fair writes....
...News round-up Credit Suisse finds ‘material weaknesses’ in financial reporting controls (FT) Vivendi in talks to sell 100% of publishing house Editis (FT) Charles Schwab feels heat after SVB collapse...
...Experience her radical oeuvre at the Jeu de Paume media arts centre in the Tuileries....
...The Silicon Valley-based firm now owns more than 18 per cent of City Football Group after buying more shares from China Media Capital, CFG confirmed....
...Charles Allen, THG chair, said in a statement that the board remained “fully confident” in the group’s strategic direction and long-term prospects as an independent company....
...The constant media attention has generated some sympathy and rage towards SBF. But it’s setting him up for the ultimate test: a judge and jury. Morgan Stanley’s succession saga is complete. Now what?...
...The Salt Lake City-based adviser, founded by the Mormon church in 1997, created 13 shell companies with locations throughout the US....
...China Media Capital still owns 8.2 per cent of CFG, having originally paid $485mn to amass a 13 per cent stake....
...Today’s AI creative writing programmes are not yet at a stage of development where they pose a serious threat to Colleen Hoover, say — or Charles Dickens....
...Silver Lake co-chief executive Egon Durban tendered his resignation from the board of Twitter after the social media company’s shareholders on Wednesday issued a rare rebuke at a tense investor meeting....
...Twitter has refused to remove Silver Lake co-chief executive Egon Durban from its board, even after the social media company’s investors voted against his re-election at this week’s shareholder meeting....
...Fedspeak: Chicago Fed president Charles Evans will host a breakfast conversation to discuss the US economy and monetary policy with members of the media in a hybrid event this morning....
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