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Tech billionaire Darwin Deason has spent about $86 million creating his own personal Versailles. It took years to finish the Sand Castle, his Pacific Ocean-front estate in La Jolla, California. The tech billionaire has listed his opulent estate overlooking the Pacific Ocean in La Jolla, California, for $108 million. AdvertisementOver about six years, the Journal said, Deason spent about $60 million turning the lots into a sandy-colored, balcony-laden 13,000-square-foot mansion. Deason mainly uses the 10-bedroom property, located at 1900 Spindrift Drive and dubbed the Sand Castle, as a vacation retreat.

Persons: Darwin Deason, Deason, —, Darwin, Egon Durban, Forbes, Brett Dickinson, Ross Clark Organizations: Tech, Service, Affiliated Computer Services, Xerox, Wall Street, of, Compass Locations: Versailles, La Jolla , California, Diego County, of Versailles, South of France, Dallas, Texas, Mexico, La Jolla

☆ Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
▼ + stars: | 2024-04-02 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Private equity firm Silver Lake announced Tuesday that it's acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor is being acquired at an equity value of $13 billion, according to a release from the entertainment company. Endeavor is also the majority owner of TKO Group Holdings , which owns the UFC and WWE. Silver Lake initially invested in Endeavor in 2012 and supported the company's acquisition of UFC in 2016. Silverlake's co-CEO Egon Durban and managing director Stephen Evans were members of Endeavor's board ahead of the acquisition.

Persons: Silver Lake, Egon Durban, Ariel Emanuel, Silver, Silverlake's, Stephen Evans Organizations: Silver Lake, Endeavor Group Holdings, Endeavor, Silver, WME, IMG Academy, Holdings, UFC, WWE

☆ Silver Lake working to take entertainment giant Endeavor private
▼ + stars: | 2023-10-25 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

Trading information and logo for Endeavor Group Holdings, Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermid/File photo Acquire Licensing RightsOct 25 (Reuters) - Private equity firm Silver Lake said on Wednesday it was working on a proposal to take talent and media company Endeavor Group Holdings (EDR.N) private, after Endeavor announced it had begun a review to explore alternatives that better value the company. "Silver Lake is currently working toward making a proposal to take Endeavor private," it said. Endeavor Group, which has diversified holdings in talent-management, live sports and festivals, is valued at around $8.4 billion. The private equity firm acquired a minority stake in the William Morris Endeavor talent agency in 2012, and Silver Lake Co-CEO Egon Durban and managing partner Stephen Evans serve on Endeavor's board of directors.

Persons: Brendan McDermid, Silver Lake, Francois, Henri Pinault, Ari Emanuel, Emanuel, William Morris, Egon Durban, Stephen Evans, Jaspreet Singh, Dawn Chmielewski, Devika Syamnath, Shailesh Kuber, Rod Nickel, Tom Hogue, David Gregorio Our Organizations: Endeavor Group Holdings, Inc, New York Stock Exchange, REUTERS, Silver, Endeavor, Creative Artists Agency, Endeavor Group, Boston Red Sox, Fenway Sports Group, PGA, Reuters, William, William Morris Endeavor, Thomson Locations: New York City, U.S, Bengaluru, Dawn, Los Angeles

[1/2] Tesla vehicles are shown at a Tesla service center in San Diego, California, U.S., January 13, 2023. Tesla board Chair Robyn Denholm is a defendant in the lawsuit alongside Musk, Tesla and other directors. At the time of the tweets, Denholm led Tesla's audit committee, which oversees company controls meant to ensure compliance with securities law. Musk told the jury earlier this week he could have financed the potential deal from existing Tesla investors as well as a Saudi wealth fund. The "funding secured" tweet came as a surprise to him, as Goldman, which had long worked with Tesla, was not involved in the deal.

☆ Elon Musk, who runs four other companies, will now be Twitter CEO
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company, fired Twitter's previous chief, Parag Agrawal, and other top company officials last week. Musk had previously changed his Twitter bio to "Chief Twit" in an allusion to his planned move. Twitter on Monday declined comment on how long Musk might remain CEO or appoint someone else. In another filing on Monday, Musk revealed that he became the sole director of Twitter as a result of the takeover. Last week, Musk's takeover of the social media company for $44 billion concluded a months-long saga.

☆ Elon Musk has dissolved Twitter's 9-person board of directors and become its sole director
▼ + stars: | 2022-10-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Elon Musk has scrapped Twitter's board of directors. Musk had himself tried to join Twitter's board in the spring before clashing with then-CEO Parag Agrawal. When first outlining his plans for his ownership of Twitter, Musk said he would need to take the company private to make his desired changes. The same evening, Musk also ousted CFO Ned Segal, chief legal officer Vijaya Gadde, and general counsel Sean Edgett, sources told Insider. Musk had himself been set to join Twitter's board before he offered to buy the company, but u-turned after clashing with Agrawal over text.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

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