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Wednesday, December 29, 2021
Monday, December 20, 2021
Media Man update via blog: News, sports news, pop culture, wrestling, creative and more
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Is This The Next Billionaire Country
Best in show: the top TV programs of 2021
From the Archives, 1991: New boss right at home in the media scrum
From the Archives, 1979: Living the life of Henry Lawson
‘It’s a film we could use right about now’: Keanu Reeves returns to the Matrix
Is this professional wrestling or an action movie?
Released WWE Star Joins EC3’s “Control Your Narrative” Movement With Adam Scherr
Jim Cornette on AEW Going To Atlantic City
Tony Khan Lashes Out At FOX News Over Ratings Commentary
Tony Khan says WWE reached out to request interview subjects for their documentaries
Mirage Hotel in Vegas to be Converted Into Guitar-Shaped Structure
Rupert Murdoch buys $280 million cattle ranch from America’s Koch dynasty
‘Bullish on the future of audio’: Spotify scoops up Aussie podcasting platform
Pat McAfee Show wins Media Man 'Podcaster Of The Month' and 'Sports Podcaster Of The Month' award
Monday, December 13, 2021
Saturday, December 11, 2021
Media Man Casinos Blog update: Fertitta Ends $8.6 Billion Deal to Take Casino Empire Public
Fertitta Ends $8.6 Billion Deal to Take Casino Empire Public
Billionaire Tilman Fertitta reached a settlement to pull out of an $8.6 billion deal with a blank-check company that would have taken his restaurant and casino empire public.
Fertitta Entertainment Inc., the parent company of the Golden Nugget casinos and the Landry’s restaurant group, agreed to pay as much as $33 million to end a planned merger with Fast Acquisition Corp., a special purpose acquisition company formed last year.
“At the end of the day we ultimately determined that the right decision for my company was to remain private at this time,” Fertitta said in a statement on Friday. “I look forward to continuing to grow our business.”
The settlement brings to a quick resolution a dispute between Fertitta and Fast Acquisition that flared up earlier this month. Fertitta’s general counsel sent a letter Dec. 1 notifying the SPAC of its intention to call off the merger due to delays, drawing a threat of legal action in response.
Fast Acquisition shares advanced 1.2% to $10.18 as of 10:35 a.m. Friday in New York after gaining as much as 2.9%. Bonds issued by Golden Nugget were unchanged, according to Trace data.
Fertitta, who also owns the Houston Rockets basketball team, announced in February that he planned to take his casino and restaurant operations public through the SPAC. In June, he expanded the deal to add additional businesses.
Fast Acquisition, whose backers include Ruby Tuesday founder Sandy Beall, said it will continue to look for a combination with a new operating company and that the settlement will ensure the blank-check firm will remain sufficiently capitalized as it seeks a new target.
Friday, December 10, 2021
Tuesday, December 07, 2021
Wednesday, December 01, 2021
Packer earns $500m as tech investor
Packer earns $500m as tech investor
The billionaire’s private investment company returned to profit this year, thanks to buying and trading technology stocks as well as an uplift in his Crown shares.