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.
Former Morgan Stanley CEO John Mack will be the first guest to appear on David Faber's new CNBC lunchtime show, "Strategy Session," when it debuts on Monday, June 7, the network announced today. Other guests during the show's first ... Read Post
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