Hulu has hired Guggenheim Partners to advise on a sale of the company, even as the financial services firm is considering making its own bid for the video streaming service, three sources with knowledge of the matter told Reuters.
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Deutsche Bank Loses Crocker, Burnham, Other Senior Execs After Failure to Sell Part Of Asset Management Unit
Several senior executives, including co-head of private markets North America John Crocker, have departed Deutsche Bank’s asset and wealth management unit in the past few months.
Guggenheim Partners, Cinnober Financial Technology and Broadhaven Capital Partners have provided initial growth capital to Binary Event Network. Financial terms were not announced. New York-based Binary Event Network provides technology that allows consumers to view sporting events and bet on them (but no money changes hands, a spokeswoman says). BEN will use the investment to launch TradeSports.
Guggenheim Partners, Mandalay Entertainment, and Mosaic Media Investment Partners announced last week that they are purchasing Dick Clark Productions from RedZone Capital Management, the private equity firm controlled by Washington Redskins owner Dan Snyder. The terms of the transaction were not disclosed, though a report in the L.A. Times suggested its price tag was close to [...]
Deutsche Bank scales back plans to sell its funds business to Guggenheim Partners
Guggenheim Partners said Thursday it named Henry Silverman to be a senior advisor and vice chairman of its investment management business effective March 16. He will be based in New York. Silverman joins from Apollo Global Management, where he was a director and vice chairman of the board as well as a member of the executive committee. [...]
The auction of Deutsche Bank Asset Management has apparently hit some roadblocks. But two bidders could still be in the running.
TastemakerX has raised $1.8 million in funding. Investors include Guggenheim Partners, Baseline Ventures, True Ventures, AOL Ventures and Tekton Ventures. The company has also attracted Internet and music industry advisors John Battelle, Marc Geiger, Ian Rogers, Paul Bricault and Ted Rheingold and angel investors Andrew Anker, Mich Mathews, Michael Kassan and Mike McGinley. TastemakerX is [...]
Alara Capital has spun off from Guggenheim Partners. Alara, which has offices King of Prussia, Pa. and Austin, Texas, is the former Guggenheim Venture Partners. All of GVP’s team’s has moved to Alara.
Access Industries is buying Warner Music Group in a $3.3 billion deal. Access, which is paying $8.25 a share, beat out a bid from Tom and Alec Gores’ Platinum Equity/Gores Group. Access also trumped an offer from Sony whcih partnered with Guggenheim Partners and investor Ron Perelman. Goldman Sachs and AGM Partners advised Warner, while Credit Suisse and UBS served as financial advisors to Access.