CNBC’S David Faber is reporting that the fundraising effort by 70-year-old Michael Eisner, the former chairman/CEO of Walt Disney, kicked off last week and is being led by JP Morgan. He wants to raise $800 million for a new film and television production company, says Faber quoting people who have been approached about investing. What’s sought is $400 million in equity in a private placement and place $400 million in debt financing.
Michael Eisner, the former Walt Disney chief who now runs his own investment firm, on Tuesday downplayed reports that he is being considered to head up the Tribune Company when the media firm exits bankruptcy protection. Read Post
Could the former top cat at the Mouse House become the big cheese at Tribune Co.? The Los Angeles Times reported that former Walt Disney chief executive Michael Eisner is in talks that could make him chairman of the now-bankrupt med... Read Post
Former hedge fund billionaire Philip Falcone has called it quits. Falcone has resigned as the CEO or Chairman of Harbinger Group–a publicly traded holding company. The company said in a news release that Falcone will receive a $20,5... Read Post