After years of saying it isn’t for sale, apparently MGM is in play, according to CNBC. The company has held preliminary talks with both Apple and Netflix about potentially buying the studio, whose library includes hit movies like the James Bond franchise. MGM is owned by a number of private equity firms, including Anchorage Capital Group, Highlight Capital Management and Solus Alternative...
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Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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