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☆ What you need to know about Skydance's bid for Paramount, from financing a deal worth $32 billion to its plans for the media empire
▼ + stars: | 2024-05-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Skydance Media and its largest private-equity backer RedBird Capital Partners have been wooing Paramount for the better part of a year. The Skydance consortium, including fellow Skydance investor KKR, submitted a revised offer on Sunday. The deal would be worth roughly $32 billion, according to the source, with the value of Paramount and its $15 billion in debt making up the lion's share. Here's what we know about the deal, how much Redstone would get, and what a new Paramount would look like. Keeping Paramount public sets the Skydance bid apart from Apollo's potential offer, according to one of the sources.

Persons: Bob Bakish, Shari Redstone's, Tom Cruise, Mario Gabelli, Bakish, Getty, Redstone's, David Ellison, Larry Ellison, Ellison, RedBird, Gerry Cardinale, Goldman Sachs, Goldman, Skydance, Jeff Shell, Ben Affleck, Matt Damon's, Axel Springer Organizations: Skydance Media, RedBird Capital Partners, Paramount, KKR, Business, Ex, CNBC, Apple, New York Yankees, NFL, Bakish, CBS, MTV, Nickelodeon, ' Equity, Amazon Studios, Sony, Apollo, Wall Street Locations: Santa Monica , California, New York City, Skydance, RedBird

☆ Meet the ex-Goldman Sachs partner behind the scenes of the Skydance-Paramount deal negotiations
▼ + stars: | 2024-04-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Read previewParamount's CEO Bob Bakish was ousted on Monday night, putting the entertainment giant one step closer to accepting a merger deal. The would-be buyer, film studio Skydance Media, is owned by David Ellison, son of billionaire Oracle founder Larry. An investor in Skydance since 2020, RedBird is the media company's largest shareholder other than the Ellison family. This story is available exclusively to Business Insider subscribers. "I think it's my biggest competitive advantage that I don't get emotionally attached," Cardinale told Business Insider in 2022.

Persons: —, Bob Bakish, David Ellison, Larry, RedBird, Ellison, Gerry Cardinale, Goldman Sachs, Jeff Shell, Skydance, " Cardinale, Goldman, Jon Winkelried, Gerry, Axel Springer Organizations: Service, Skydance Media, RedBird Capital Partners, Business, New York Yankees, Dallas Cowboys, NFL, AC Milan, Paramount, KKR, Sony, TPG Locations: Skydance, RedBird

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since then, private-equity firms have poured $54.6 billion into sports, according to PitchBook data. And the field of potential investors is growing with Goldman Sachs helping rich clients invest in teams, which can drive up prices. AdvertisementLeagues also restrict PE investments, with some caps on the number of teams a firm can own stakes in or the ownership share a fund can hold. Scroll down to read about the private equity firms, listed alphabetically, that have been making the biggest moves in sports in recent years.

Persons: —, Josh Harris, Rob Walton, Carlyle, Ben, Blackstone, Goldman Sachs, Harris, Blackstone Group's David Blitzer, Lauren Leichtman, Arthur Levine, Sportico, RedBird, Gerry Cardinale, There's Organizations: Service, MLB, NBA, Business, Washington, Denver Broncos, Amazon, Sports, Ben Fund, Bluestone Equity Partners, GMF, Apollo Global Management, Blackstone Group's, Levine, Capital Partners, San Diego Wave, NFL Locations: downturns

☆ A complete timeline of Sam and Aaron Taylor-Johnson's relationship
▼ + stars: | 2024-04-10 | by ( Olivia Singh | ) www.businessinsider.com time to read: +32 min

Actor Aaron Taylor-Johnson and director Sam Taylor-Johnson have been married since 2012. AdvertisementActor Aaron Taylor-Johnson, 33, and director Sam Taylor-Johnson, 57, have been together for more than a decade. 2009: Aaron proposes to Sam after wrapping the filmSam Taylor-Johnson and Aaron Taylor-Johnson in September 2009. February 2017: Aaron says that the public's fixation on their relationship is 'intrusive'Sam Taylor-Johnson and Aaron Taylor-Johnson in April 2014. March 2021: It's reported that Sam and Aaron will team up for another film togetherSam Taylor-Johnson and Aaron Taylor-Johnson in February 2019.

Persons: Aaron Taylor, Johnson, Sam Taylor, Aaron, Sam, —, Here's, John Lennon, Dave M, née Taylor, Wood, Jay Jopling, Anjelica, Jessie Phoenix, Anjelica Jopling, John Lennon's, Julia, Harper's, Sam I'd, –, Mike Marsland, IndieWire, Pascal Le Segretain, I'm, We've, Aaron didn't, Simon Hattenstone, Hattenstone, Jonathan Ross, Sam's, Wylda Rae, Peter Kramer, Wylda, R.E.M, Romy Hero, Sang Tan, Taylor, Johnson Sam Taylor, Stewart Wilson, London's, Jordan Strauss, We're, Charles Sykes, Anna Karenina, Aaron Johnson, Angus, Thongs, Tom Ford's, Eric Charbonneau, Jesus, Romy, Joel Ryan, Aaron gushes, Mr Porter, Benjamin Button, she's, HBD, Zoë Kravitz, Karl Glusman's, aron, ohnson, aron T aylor-, aid., ames, ieces', ike, elationship, aron d anced, ong, rowe, eing, ove ✍ 🏼 f, m., Jo, " Sony, ted the of, tarr, Aaron T aylor, ady, roper, I w, hie Turner, elebr, 0s, I, cott, Adve, , ', hou Organizations: Service, Nowhere, Hollywood Reporter, The Telegraph UK, Sunday Times UK, Telegraph UK, The Telegraph, Guardian, Globe, New York Magazine, Hollywood, Artist &, ust, ici, ntr Locations: Jopling, Liverpool, London, Somerset, England, Phoenix, Paris, ife, gan

☆ Best red carpet looks at the 2024 BAFTA Awards
▼ + stars: | 2024-02-19 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +3 min

Margot Robbie in yet more Barbie pink — this time a custom gown by Giorgio Armani Privé. John Phillips/Getty ImagesEmma Stone in peach Louis Vuitton, her sleeve nodding to her voluminous costuming in "Poor Things," for which she was nominated as Best Actress. Jeff Spicer/Getty ImagesDa’Vine Joy Randolph, who won the Best Supporting Actress award for "The Holdovers," wore custom Robert Wun. Joe Maher/BAFTA/Getty Images“Anatomy of a Fall” actor Sandra Hüller wore metallic Louis Vuitton with her hair coiffed into a rockabilly-style quiff. John Phillips/Getty Images"The Crown" star Emma Corrin went for edgy blue tights, a cropped top and a netted veil by Miu Miu.

Persons: Catherine , Princess, Prince William, ” Oppenheimer, ”, Margot Robbie, Giorgio Armani Privé, John Phillips, Emma Stone, Vuitton, Colman Domingo, Mike Marsland, Rosamund Pike, Dior, Ayo Edibiri, Scott Garfitt, Cate Blanchett, Louis Vuitton, BAFTAs, Jeff Spicer, Joy Randolph, Robert Wun, Carey Mulligan, Stephane Cardinale, Corbis, Taylor Russell, Emily Blunt, Elie Saab, Gareth Cattermole, Ryan Gosling, Naomi Campbell, Florence Pugh, Harris Reed, Isabel Infantes, Reuters Bradley Cooper, Valentino, Emerald Fennell, Joe Maher, Sandra Hüller, Emma Corrin, Miu Miu, Daisy Edgar, Jones, Gucci, Karwai Tang Organizations: London CNN, Royal, Hall, British Academy of Film, Television Arts, Getty, Reuters, Dua Locations: London, Wales, Dua Lipa

☆ John Goodman says he was in a 'bad place' while making Martin Scorsese's 'Bringing Out the Dead': 'I wasted a great opportunity'
▼ + stars: | 2024-02-08 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Out of the countless memorable movie roles John Goodman has had over his career, there's one where he feels he blew it. In Martin Scorsese's slow-burn 1999 drama "Bringing Out the Dead," Goodman and Nicolas Cage play paramedics working the night shift in New York City. "I was in a bad place," Goodman told Business Insider in his interview for our "Role Play" series. Goodman wouldn't go into specifics other than to say that he was "in a bad place mentally." Goodman added, "I wish I would have been present for the film because I feel I wasted a great opportunity."

Persons: John Goodman, Martin Scorsese's, Goodman, Nicolas Cage, Goodman wouldn't, Dan Aykroyd, Stephane Cardinale, Corbis, Getty Goodman hasn't, I'm, Coen, He's Organizations: New Locations: New York City, Manhattan

☆ Robert De Niro choked up while discussing his 'wondrous' experience as one of Hollywood's oldest dads
▼ + stars: | 2024-02-01 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +2 min

Robert De Niro became emotional while discussing his infant daughter in an interview. The actor welcomed his seventh child, Gia Virginia, with his girlfriend Tiffany Chen last year. AdvertisementRobert De Niro became emotional while discussing his 10-month-old daughter, Gia Virginia, in an interview with the American Association of Retired Persons (AARP). Tiffany Chen and Robert De Niro in 2023. Gayle King holding Robert De Niro's baby Gia as the actor's partner, Tiffany Chen, looks on.

Persons: Robert De Niro, De Niro, Gia Virginia, Tiffany Chen, —, it's, Stephane Cardinale, Corbis, Martin Scorsese's, Helen, Niro, Gia Virginia's, Gayle King, Robert De Niro's, Gia Organizations: AARP, Service, American Association of Retired, Entertainment Tonight Canada, CBS, Guardian Locations: Gia

☆ Sports investing has taken off, but the biggest prize in the industry remains almost untouchable
▼ + stars: | 2024-01-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 3 things in marketsJim Esposito, Goldman Sachs' head of global markets and banking, is set to retire from the bank, the firm said Monday. Jim Esposito is leaving Goldman Sachs after nearly 30 years. While he didn't share his next move, he told peers he'd "bleed Goldman Sachs forever." Goldman Sachs says rate cuts need to be on the menu in March.

Persons: —, Brooks Koepka, Rory McIlroy, Keyur Khamar, Marc Lasry, Steve Cohen, Aaron Mok, LeBron James, — Arthur Blank, Gerry Cardinale, Goldman Sachs, who's, Lasry, Cohen, Point72, it's, Patrick Smith, Peacock, David Tepper, Jim Esposito, We've, he'd, Jean Boivin, David Mericle, NurPhoto, Getty, Javier Zayas, Kevin Winter, Tyler Le, Critics, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Costco, Getty, PGA Tour, Fenway Sports Group, NFL's Atlanta Falcons, Capital Group, Milwaukee Bucks, New York Mets, NFL, Denver Broncos, Washington, Washington Post, Kansas City Chiefs, San Francisco 49ers, Carolina Panthers, BlackRock, Spotify, Apple, Google, Entertainment, Netflix, Studios, HBO, Disney, Walmart, Microsoft, Business Locations: Vegas, BlackRock, New York, London

Warner Bros. Discovery and rival Paramount Global are in early merger talks, sources familiar with the matter told CNBC. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, Bob Bakish, Shari Redstone, David Ellison's Skydance, Gerry Cardinale's, Liberty Media's John Malone, Joe Biden's, There's, Axios, — CNBC's Drew Richardson Organizations: Warner Bros . Discovery, Paramount Global, CNBC, Warner Bros, Discovery, Paramount, Redstone, Amusements, CBS, Warner Media, Netflix, Liberty, Media, Morris Trust, Comcast, CNBC PRO

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

☆ Paramount shares jump after reports of takeover interest
▼ + stars: | 2023-12-08 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and RedBird Capital were exploring potentially taking over the media giant. Paramount shares closed up more than 12% Friday. Meanwhile, the company is reportedly considering bundling its Paramount+ streaming service with Apple TV+. Paramount, RedBird Capital and Skydance did not immediately respond to CNBC's requests for comment.

Persons: Shari Redstone, weathers, Goldman Sachs, Gerry Cardinale, David Ellison's Skydance, Skydance Organizations: Paramount, Paramount Global, Puck, RedBird, Apple Locations: Los Angeles

☆ Emma Stone met her husband when she appeared on 'Saturday Night Live' in 2016. Here's a complete timeline of their relationship.
▼ + stars: | 2023-12-03 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +7 min

Emma Stone has been married to husband Dave McCary since 2020. The couple met in 2016 on "Saturday Night Live," where McCary worked as a writer and director. December 2016: Emma Stone hosts "SNL" for the third time and meets director Dave McCaryEmma Stone during her "Saturday Night Live" monologue on December 3, 2016. According to People , it was during the filming of this sketch that Stone met McCary, who had been working as a segment director for the show since 2013. "Emma Stone gives a second life to a white dress specially designed for her wedding after-party."

Persons: Emma Stone, Dave McCary, McCary, —, I've, Lorne Michaels, Stone, Dave McCary Emma Stone, Will Heath, Price, McCarys, Kyle Mooney, Andrew Garfield, Matt Thomas, Kevork Djansezian, it's, Louis Vuitton, Stephane Cardinale, Corbis, Drew Barrymore, Emma, Dave, Louise Jean McCary, Jean Louise, Stowearsars, Dimitrios Kambouris Organizations: Service, NBC, SNL, NBCU, Boys, Citi Field, San Diego Padres, Getty, Staples Center, Golden State Warriors, Los Angeles Clippers, SAG, Stone, Academy, Country, Louis, The Metropolitan Museum of Art, The Met Museum, Vogue

☆ US overturn of Roe v. Wade prompts France to embed abortion rights in constitution
▼ + stars: | 2023-12-02 | by ( Maya Szaniecki | Claudia Colliva | ) edition.cnn.com time to read: +10 min

Paris CNN —When the United States Supreme Court overturned Roe v. Wade in June 2022, French women were paying close attention. Ludovic Marin/AFP/Getty ImagesProtesters voice their support for abortion rights during a debate at the Senate in Paris. According to backers of the bill, therefore, constitutionalization would safeguard abortion rights even if a pro-life majority were to be voted into office. Just last week, Argentina elected a far-right president who has pledged to reverse the abortion rights the country acquired in 2020. ‘Now or never’In France, recent polling data suggests 86% of people are now favorable to the constitutionalization of abortion rights.

Persons: Paris CNN —, Roe, Wade, France, ”, Mélanie Vogel, Vogel, Emmanuel Macron, Stephanie Hennette, Ludovic Marin, Jordan Bardella, ” Bardella, Laurence Rossignol, Malagré, “, Enora Malagré, Pierre, Stephane Cardinale, Corbis, Rossignol, Sarah Durocher, it’s, Marine Le, Le Pen, that’s “, Lafargue Raphael, Durocher, Vauchez, ” Vogel, “ It’s Organizations: Paris CNN, United States, Atlantic, CNN, Senate, Getty, Popular, Law, Justice, National Rally, “ Locations: France, French, Paris, AFP, United States, Popular French, Poland, Argentina, Versailles

CNN —Hollywood star Tom Hanks has “nothing to do with” an artificial intelligence version of himself that is promoting “some dental plan,” he said on Instagram on Sunday. Alongside his warning, Hanks shared a photo of an apparent AI likeness depicting his younger self, though it is unclear whether this came from the dental plan ad. “There’s a video out there promoting some dental plan with an AI version of me. I have nothing to do with it.”CNN could not independently verify the content of the dental plan ad that Hanks referenced and has reached out to Hanks’ representatives for comment. While Hanks acknowledged that an AI version of himself would not be able to produce the same performances as he does now, he wondered whether audiences would really mind.

Persons: Tom Hanks, ”, Hanks, “, ’, Adam Buxton, Stephane Cardinale, Corbis, — Organizations: CNN, Hollywood, SAG, Polar

☆ Venice Film Festival: The best looks from the red carpet
▼ + stars: | 2023-09-09 | by ( Oscar Holland | Christy Choi | ) edition.cnn.com time to read: +4 min

And there have been plenty of elegant looks on display, from Spanish model Eugenia Silva’s dramatic Armani Privé gown to Italian designer Pierpaolo Piccioli’s effortless white suit. Andreas Rentz/Getty ImagesSpanish model Eugenia Silva arrived in a dramatic pink feather coat and a black strapless gown by Armani Privé. Ernesto Ruscio/Getty ImagesDanish actress Amanda Collin wore matching Chanel separates on the red carpet for "Bastarden (The Promised Land)." Pascal Le Segretain/Getty ImagesModel Madisin Rian wowed in an all-white Armani Privé outfit. Luca Carlino/NurPhoto/ShutterstockItalian fashion journalist and former Vogue Japan editor-at-large Anna Dello Russo wore bright pink Armani Privé.

Persons: ’, Eugenia Silva’s, Pierpaolo, listers, Adam Driver, Ferrari ”, Enzo Ferrari, Ferrari, Stefania D'Alessandro, Jonica T, Gibbs, Chanel, Andreas Rentz, Barbara Palvin, Giorgio Armani, Eugenia Silva, Armani Privé, Franco Origlia, Dalle, Ernesto Ruscio, Amanda Collin, Pascal Le Segretain, Rian wowed, Armani, John Phillips, Valentino, Pierpaolo Piccioli, Toni Garrn, Alberta Ferretti, Luca Carlino, Anna Dello, Privé, Georgina Rodriguez, Cristiano Ronaldo, Pasquale Bruni, Alfonso Catalano, Bella Thorne, Dior, Sofia Coppola's, Priscilla, Elvis Presley's, Matteo Rasero, Jacob Elordi, Elvis Presley, Neelam Gill, Armani Privè, David Fisher, Leonie Hanne, Mahboobeh Bolandy, Serena de Ferrari, Stephane Cardinale, Corbis Organizations: CNN, Venice, Writers Guild of America, Screen Actors Guild, American Federation of Television, Radio Artists, SAG, Getty, Italian, Vogue Japan Locations: Venice, Spanish, Australian, Turkish

☆ The rich are competing with private equity to buy sports teams. Here is how they are getting creative in a crowded field.
▼ + stars: | 2023-09-06 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

Valuations show no signs of cooling off with billionaires and private equity firms in bidding wars. Bankers to the rich told Insider which sports are drawing moneyed clients. Now rich individuals have to compete with institutional investors like private equity firms and sovereign wealth funds for a limited number of teams. As a result, aspiring team owners have gotten more creative to seal the deal. "It's never going to be a private equity type of model where these assets will be exited every five years," he told Insider.

Persons: Ryan Reynolds, Rob McElhenney, LeBron James, Milwaukee Bucks Marc Lasry, Brian Kantarian, Josh Harris, Kantarian, Ivo Voynov, It's, Gerry Cardinale, Voynov Organizations: Bankers, Sports, NBA, Wrexham AFC, Milwaukee Bucks, NFL, Citi Private Bank, Europe's Big Five, XFL, JPMorgan Locations: Washington, Europe, Plenty, Wall

☆ Thymia uses AI to assess and track patients' mental health conditions. Check out the 9-slide deck it used to secure $2.7 million.
▼ + stars: | 2023-07-27 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup deploys AI to monitor patients' mental health symptoms, for depression and anxiety. Check out the 9-slide deck it used to secure the fresh funding. A startup that uses AI to detect, assess, and track symptoms of mental illnesses — such as depression and anxiety disorder — has secured $2.7 million. Given the "subjective" nature of mental health diagnoses, doctors hadn't realized the severity of her friend's condition, Molimpakis said. In a bid to make "mental health as objectively measurable as physical health," Thymia has developed an AI-powered platform that combines neuropsychology, linguistics, and machine learning to assess signs of mental illness in patients — and evaluate how their symptoms are progressing.

Persons: —, Thymia, Emilia Molimpakis, hadn't, Molimpakis, Amanda M Cardinale, Nadav Rosenberg Organizations: Kodori Ventures, Syndicate, Ventures Locations: London, Crowdcube

☆ Rossi sees Reynolds' winning touch boosting Alpine
▼ + stars: | 2023-06-27 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

ENSTONE, England, June 27 (Reuters) - Renault-owned Alpine believe Hollywood actor Ryan Reynolds has the Midas Touch to help get the team back to the top in Formula One. "Most of you were probably expecting Ryan Reynolds," Otro Capital founder and partner Alec Scheiner jokingly told analysts at Alpine's Enstone factory for a strategy presentation. Alpine chief executive Laurent Rossi pointed to Reynolds' track record in business. Rossi said the investors, who have paid 200 million euros ($218.88 million), would develop revenues through merchandising, licensing and hospitality. The deal values Alpine Racing at around $900 million and Rossi said the numbers were only going up.

Persons: Ryan Reynolds, Reynolds, Rob McElhenney, Alec Scheiner, Laurent Rossi, Rossi, Otro, Goldman Sachs, Gerry Cardinale, RedBird, Scheiner, Luca de Meo, Alan Baldwin, Christian Radnedge Organizations: Renault, Formula, Wrexham soccer, Otro Capital, RedBird Capital Partners, Aviation, Mobile US, Ka'ena Corp, Mint Mobile, Diageo, Gin, Wrexham, English Football League, RedBird, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, Milan, Liberty Media, Thomson Locations: ENSTONE, England, Wrexham, RedBird, Americas, Las Vegas, U.S

☆ Wrexham's Hollywood owners join group buying into Alpine F1
▼ + stars: | 2023-06-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, June 26 (Reuters) - Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday. The 200 million euro ($218.10 million) deal values British-based Alpine Racing at around $900 million following the investment. Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors. Renault said Alpine Racing SAS, the French entity that makes the team's power units in Viry-Châtillon, will remain entirely owned by the carmaker. "Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognised expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.

Persons: Ryan Reynolds, Rob McElhenney, Alec Scheiner, Reynolds, Michael B, Jordan, McElhenney, Renault, Huntsman, Goldman Sachs, Gerry Cardinale, RedBird, Laurent Rossi, Alan Baldwin, Peter Rutherford Organizations: Otro Capital, RedBird Capital Partners, Alpine Racing, Renault, Otro, Alpine, McElhenney, Wrexham, Welsh soccer, English Football League, Main Street Advisors, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, AC Milan, New York Yankees, Formula, Benetton, Alpine Racing SAS, Thomson Locations: Alpine, Philadelphia, Wrexham, North America, Enstone, England, Viry

☆ Former CNN Chief Jeff Zucker Has a New Job at RedBird IMI. What Is It?
▼ + stars: | 2023-06-04 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Since leaving CNN a year ago, Jeff Zucker, the network’s former president, has been on the hunt for deals, flush with $1 billion in backing from big investors in the worlds of media and finance. In addition to Mr. Zucker, the key players in the new venture, known as RedBird IMI, are Gerry Cardinale, the chief executive and founder of RedBird, and Sultan Ahmed Al Jaber, an Emirati government minister who has spearheaded many of IMI’s investment conversations in the United States. Mr. Cardinale is the chief investment officer of RedBird IMI, and Mr. Al Jaber is chairman. RedBird is committing $250 million to the venture, and IMI has agreed to commit the remaining $750 million. The men gathered to discuss business last fall in a suite overlooking a Formula 1 racetrack in Abu Dhabi.

Persons: Jeff Zucker, Zucker, Gerry Cardinale, Sultan Ahmed Al Jaber, Cardinale, Al Jaber, RedBird Organizations: CNN, RedBird Capital Partners, International Media Investments, United Arab, IMI Locations: United Arab Emirates, United States, Abu Dhabi

☆ 3 big questions about the state of Goldman Sachs heading into its second-ever investor day
▼ + stars: | 2023-02-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

All eyes are on 200 West Street in lower Manhattan today, the global headquarters of Goldman Sachs and site of the bank's second-ever investor day. Goldman's first investor day, in 2020, included plenty of discussion about the importance of building out its consumer bank. Will new details emerge regarding the asset and wealth management division that show the business is heading in the right direction? Goldman's asset and wealth management division will likely get plenty of attention today. Speaking of David Solomon... Goldman's CEO appeared on a recent episode of the bank's podcast, "Exchanges at Goldman Sachs."

☆ Meet the ex-Goldman banker who relaunched the XFL with The Rock
▼ + stars: | 2023-02-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

Dealmaker Gerry Cardinale is betting on it, along with Dwayne "The Rock" Johnson and the star's business partner Dany Garcia. The XFL, previously owned by Vince McMahon, had been forced to cancel its season – its first in 19 years – due to the pandemic. In order to deliver NFL-quality football, the XFL inked an exclusive partnership with the NFL Alumni Academy to find top players. "Dwayne, Dany, and I think we can do that in five." READ THE FULL PROFILE: How Gerry Cardinale became the go-to dealmaker for the Yankees, AC Milan, and Ben Affleck

☆ Italian Movie Star Claudia Cardinale Had a Thing for Brigitte Bardot’s Ponytail
▼ + stars: | 2023-01-24 | by ( Marc Myers | ) www.wsj.com time to read: 1 min

Claudia Cardinale, 84, is an Italian actress who starred in more than 100 films, including “8½” and “The Pink Panther.” Twenty of her films will be screened by New York’s MoMA, with restorations by Italy’s Cinecittà, starting Feb. 3. She and her daughter, Claudia Squitieri, spoke with Marc Myers. I grew up in Tunis, the capital of Tunisia. At the time, Tunisia was a French protectorate with a thriving economy. Sicily was only two hours away by boat, so over time a large Sicilian community had emigrated to Tunis for work.

☆ RedBird Capital Takes More Than 5% Stake in Blade Air Mobility
▼ + stars: | 2023-01-18 | by ( Laura Cooper | ) www.wsj.com time to read: 1 min

Blade Air Mobility provides short-distance passenger flights throughout the U.S., Canada, Europe and India. The private-equity firm RedBird Capital Partners has amassed a more than 5% stake in the air-transportation provider Blade Air Mobility Inc., according to the investment firm’s founder. RedBird, best known for its investments in media companies and pro sports teams including the Boston Red Sox and AC Milan, has built the stake since originally taking a 1% position in Blade in 2021, according to the firm’s founder and managing partner, Gerry Cardinale .

☆ A PE firm that's built its brand on high-profile sports deals is broadening its scope
▼ + stars: | 2023-01-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But one firm that's already well established in the space is looking to quietly diversify itself beyond the pitch. With seemingly everyone interested in sports these days, Cardinale is smart to want to hedge his firm. The crypto exchange also agreed to pay $50 million to improve how it vets customers and transactions. Mala Gaonkar's hedge fund just made its long-awaited debut. SurgoCap Partners entered the fray this week with $1.8 billion in capital, making it the biggest launch of a women-led hedge fund, Bloomberg reports.

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