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.
IAC has expanded its board of directors with a thirteenth seat and elected well-known businessman Michael Eisner, who served as chairman and CEO of The Walt Disney Company from 1984 until 2005, to join the expanded board effective i... Read Post
Former Walt Disney Co. CEO Michael Eisner on Tuesday reiterated that he will not become chairman of Tribune Co., but said he bought some of the company's debt and feels he could advise management. Read Post
Tribune Co.'s largest creditors are in preliminary talks with former Walt Disney Co. CEO Michael Eisner to take the chairman role and Jeff Shell, who currently runs Comcast's cable networks, to become CEO. Read Post