Terry Semel, the former Yahoo ( NSDQ: YHOO ) CEO, is involved in a bid to return to his Hollywood roots: his media/investment firm Windsor Media is in talks with sports marketing and entertainment talent agency IMG, as we reported before , and is now working with Dubai International Capital for financing of the deal, reports Times UK . DIC was established in October 2004 as the international investment arm of Dubai Holding, the holding company owned by the Government of Dubai....recently DIC acquired a 3 percent stake in Sony ( NYSE: SNE ) Corp for $1.5 billion. IMG is owned by PE firm Forstmann Little & Co., which bought IMG in 2004 for around $750 million. The firm recently hired Chris Albrecht, the former CEO of HBO, as the head of its global media unit. Forstmann would like a bid in the $3 billion range, though sources have said that asking price is a bit too hopeful . Related Terry Semel's Back To Stargazing: Looking At Buying IMG? Semel Leaves Yahoo Board; Bostock As Non-Exec Chair Chris Albrecht Joins IMG As Media Head; Launching $250 Million Media Investment Fund Terry Semel Revving Up Windsor; Yahoos Buckley, Karish Joining Him Our mobile application for Blackberry and other Smartphones brings you the latest headlines when you're on the go. Go here to download . ...
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Terry Semel, the former Yahoo ( NSDQ: YHOO ) CEO, is involved in a bid to return to his Hollywood roots: his media/investment firm Windsor Media is in talks with sports marketing and entertainment talent agency IMG, as we reported before , and is now working with Dubai International Capital for financing of the deal, reports Times UK . DIC was established in October 2004 as the international investment arm of Dubai Holding, the holding company owned by the Government of Dubai....recently DIC acquired a 3 percent stake in Sony ( NYSE: SNE ) Corp for $1.5 billion. IMG is owned by PE firm Forstmann Little & Co., which bought IMG in 2004 for around $750 million. The firm recently hired Chris Albrecht, the former CEO of HBO, as the head of its global media unit. Forstmann would like a bid in the $3 billion range, though sources have said that asking price is a bit too hopeful . Related Terry Semel's Back To Stargazing: Looking At Buying IMG? Semel Leaves Yahoo Board; Bostock As Non-Exec Chair Chris Albrecht Joins IMG As Media Head; Launching $250 Million Media Investment Fund Terry Semel Revving Up Windsor; Yahoos Buckley, Karish Joining Him Our mobile application for Blackberry and other Smartphones brings you the latest headlines when you're on the go. Go here to download . ...