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☆ Tensions mount at troubled mental health startup Cerebral as another investor files a lawsuit
▼ + stars: | 2024-06-17 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Read previewThe infighting at mental health startup Cerebral is in full swing after an investor filed a lawsuit alleging another of the company's backers cost Cerebral hundreds of millions of dollars in value. This story is available exclusively to Business Insider subscribers. Access Industries' representative on Cerebral's board, Nami Park, is also an individual defendant in the lawsuit. But after Access filed its lawsuit against WestCap and Cerebral in April, that self-tender never happened, the June suit claims. With that offer buried, SoftBank still occupies one of six seats on Cerebral's board of directors.

Persons: —, WestCap, Len Blavatnik, Nami, WestCap's countersuit, would've, could've, WestCap's, SoftBank Organizations: Service, Access Industries, Business, Industries, WestCap, US Department of Justice, hasn't, Rock Health, Federal Trade Commission, FTC Locations: Delaware

☆ Exclusive: An investor in once-hot mental health startup Cerebral is suing the company
▼ + stars: | 2024-04-03 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Read previewAccess Industries, the investment firm founded by billionaire Len Blavatnik that invested in mental health company Cerebral, is suing the company and another of its backers as tensions mount inside the mental health company, according to documents obtained by Business Insider. It's the latest challenge to the once-hot mental health startup, which launched in 2020 to provide mental healthcare online. The lawsuit, filed by Access Industries on April 2 in Delaware, alleges an undercover power grab by WestCap, another Cerebral investor. A sinking shipOnce the hottest and fastest-growing mental health startup, Cerebral's fall from grace has been stunning. Since then, Cerebral hasn't raised any more venture funding, and the mental health company has conducted at least three rounds of layoffs.

Persons: —, Len Blavatnik, WestCap, David Mou, SoftBank Organizations: Service, Business, US Department of Justice, Access Industries, DOJ, Industries, Wall Street Journal, Bloomberg, US Drug Enforcement Administration, New York Locations: Delaware, WestCap

☆ $500 million Harvard megadonor halts donations, says elite schools produce ‘whiny snowflakes’
▼ + stars: | 2024-01-30 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

At a conference in Miami on Tuesday, Griffin expressed deep frustration with the state of American universities, including the disastrous testimony before Congress by the presidents of Harvard, MIT and UPenn. Griffin, the founder of hedge fund Citadel, said he is no longer supporting Harvard financially but would like that to change. The donor backlash at Ivy League schools raises questions about the sway wealthy individuals hold over educational institutions. Just last April, Griffin made a $300 million gift to Harvard’s Faculty of Arts and Sciences (FAS). Griffin suggested that students at elite schools are “just caught up in the rhetoric of oppressor and oppressee and… just like whiny snowflakes.”The billionaire also reiterated that he won’t hire students who signed an anti-Israel statement issued by Harvard organizations in October.

Persons: Ken Griffin, ” Griffin, Griffin, CNBC’s Leslie Picker, ”, “, “ Will, it’s “, Leslie Wexner, Len Blavatnik Organizations: New, New York CNN —, Harvard University, Harvard, University of Pennsylvania, MIT, UPenn, Citadel, MFA Network Miami, Ivy League, Harvard’s Faculty of Arts and Sciences, FAS, Harvard College, Bloomberg Locations: New York, Columbia, Miami, microaggressions, Israel

☆ Saudi binge is fiscal free kick for European clubs
▼ + stars: | 2023-08-18 | by ( Streisand Neto | ) www.reuters.com time to read: +3 min

The Saudi binge may help European teams raise funds and meet tough new financial rules. The Roshn Saudi League is a top scorer in the football transfer market. UEFA, the governing body for European football, has introduced new rules limiting clubs’ spending on wages, transfers and agent fees to 70% of revenue. European clubs should take the money before the referee's whistle blows. Saudi clubs have spent over 550 million euros buying players from European clubs in the 2023/2024 transfer season, according to Transfermarkt.

Persons: Al Hilal's, Neymar, Fahd bin Saad Al, Neymar da Silva Santos Júnior, Germain, Rúben Neves, Prince Mohammed bin Salman, Len Blavatnik, China’s, Oscar, Marouane, Hilal, Cristiano Ronaldo, Karim Benzema, Neil Unmack, Thomas Shum, Pranav Kiran Organizations: Soccer, Al, Saudi Pro League, REUTERS Acquire, Reuters, Paris Saint, Saudi, Saudi Public Investment Fund, Britain’s Premier League, Premier League, Deloitte’s Sports Business, UEFA, Deloitte, Reuters Graphics Reuters, Bloomberg, BBC, Thomson Locations: Al Hilal, Paris, France, Saudi, Hilal, Saudi League, Al, Ittihad, Saudi Arabia, Riyadh, Kingdom, Saudi Arabian

☆ Top DAZN exec reveals how the streamer is gearing up to super-serve fans in 2023, moving beyond boxing, and betting big on women's sports
▼ + stars: | 2023-01-12 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +8 min

We've also invested heavily in women's boxing. You are starting to see real, meaningful growth in women's sport now and that comes in different forms. The professionalism of the production in women's sport, we've been central to driving that forward. In the US, boxing fans in this country are disproportionately Hispanic relative to the wider population. The real business for us is the ongoing monthly subscription relationship that we have with boxing fans in this country, or soccer fans in Germany or Italy, and baseball fans in Japan.

☆ Aman Miami Beach Developers Secure Financing for Luxe Hotel and Condo Project
▼ + stars: | 2023-01-10 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

A rendering shows the Miami Beach project, developed by a partnership between OKO Group and Access Industries. Billionaire investors Vladislav Doronin and Len Blavatnik have landed a $277 million construction loan for a Miami Beach condominium and luxury hotel, one of the largest loans for a South Florida project since the start of the Covid-19 pandemic. Mr. Doronin’s development firm OKO Group and Mr. Blavatnik’s Access Industries, a privately held industrial firm, are teaming to build a 18-story beachfront tower with 22 apartments. They are also renovating the neighboring former Versailles hotel, which will have 56 rooms.

☆ Shortly After $32 Million Greenwich Sale, Last Large Portion of Rockefeller Land Lists for $21.5 Million
▼ + stars: | 2022-11-29 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Descendants of the Rockefeller family are listing 54 acres of forestland in Greenwich, Conn., for $21.5 million. Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A few weeks after selling about 80 acres in Greenwich, Conn., to billionaire Len Blavatnik for $32 million, descendants of the Rockefeller family are listing the last large portion of a once-sprawling family estate for $21.5 million.

☆ Sports streamer DAZN agrees to buy rival ELEVEN
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterInternet streaming service DAZN's logo is pictured in its office in Tokyo, Japan March 21, 2017. Team Whistle, a short-form original social media content provider, is also included in the deal, which will bring total revenue of around $300 million a year, DAZN said. DAZN Group CEO Shay Segev said the deal was "a big step forward in our mission to be the leading global sports platform". Backed by billionaire Len Blavatnik, DAZN has expanded into more than 200 countries, offering sports including soccer and boxing. Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul Sandle; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Beijing a devenit orașul cu cei mai mulți miliardari din lume. Ce orașe mai sunt în topul Forbes
▼ + stars: | 2021-04-07 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Beijing a devenit orașul cu cei mai mulți miliardari din lume. Business Insider notează că bogații au devenit și mai bogați anul trecut, în ciuda pandemiei și a recesiunii economice. La nivel global, 660 de oameni au devenit miliardari în 2020, însumând un total de 2 755 de miliardari la nivel mondial, în dolari americani. Cinci orașe din China se clasează printre cele 10 orașe cu cei mai mulți miliardari, inclusiv regiunea administrativă specială Hong Kong. Beijing (100 de miliardari), cel mai bogat om – Zhang Yiming (35,6 miliarde)2.

Persons: Pandemia, Zhang Yiming, Michael Bloomberg, Colin Zheng Huang, Len Blavatnik, San Francisco, Dustin Moskovitz Organizations: Forbes, San Locations: Beijing, New York, SUA, China, Hong Kong, York City, Kong, Moscova, Shanghai, Londra, Mumbai, Hangzhou

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