Silver Lake Management LLC, a backer of William Morris Endeavor Entertainment LLC, has agreed to the terms of an acquisition of talent agency IMG Worldwide Inc. from Forstmann Little & Co. for more than $2.3 billion, two people with direct knowledge of the matter said.
Live Nation Entertainment Inc., the world’s biggest concert promoter and ticket seller, fell the most in more than a year after Chief Executive Officer Michael Rapino sold about a third of his shares in the company.
Former Illinois Governor Rod Blagojevich, convicted of trying to trade a U.S. Senate seat for personal favors or campaign cash, may face more prison time than the 6 1/2-year term his predecessor got for political corruption.
At least seven bidders are said to be interested in acquiring Hulu LLC, and their divergent motivations in pursuing the deal could end up radically altering the strategy of the online-television service.
President Barack Obama’s 2012 re- election campaign has stressed the importance of relatively small donations from hundreds of thousands of people. The list of fundraisers it voluntarily released yesterday underscores the significance of those who write checks for up to $35,800.
KKR & Co. and Silver Lake Management LLC are vying with Yahoo! Inc. to acquire Hulu LLC, escalating a bidding war that has attracted cable and satellite TV, private equity, a talent agency and media mogul Peter Chernin.
Citigroup Inc. failed yesterday to win a judge’s approval to pay $75 million to settle with the U.S. Securities and Exchange Commission over claims the bank misled investors by understating subprime-related holdings.
Rahm Emanuel , President Barack Obama ’s former chief of staff, raised $10.6 million through Jan. 19 for his bid to succeed Richard M. Daley as mayor of Chicago, with the help of Wall Street, LaSalle Street, Silicon Valley and Hollywood donors, campaign disclosure records show.