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Dallas-based private equity firm, Crux Capital, adds two professionals to its team, Ardi Sahinovic as Director of Business Development, and Amanda Kennelly as VP of Administration.
Billionaire David Rubenstein leads group buying Baltimore Orioles for $1.7 billion. Michael Arougheti and Cal Ripken, Jr. also expected to be involved.
Disney has received an offer of $10bn from media mogul Byron Allen for its ABC TV network, local stations, and cable channels, as the company seeks to focus on streaming. Allen's offer is preliminary and could change, but is based on the assumption that the assets generated $1.25bn in earnings over the past year. Disney has also held talks with Nexstar Media Group about ABC and its eight local TV stations. No decision has been made about a sale, but the negotiations could help establish the value of television assets.
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