Dealmakers Impact Report 2011: Finance
Sloan was a young entertainment attorney when he made his first big deal in 1983, purchasing New World Pictures from B-movie king Roger Corman for $2 million.He went on to serve as chairman of Lionsgate and founded SBS Broadcasting, which was launched with a $5 million investment in 1990 and sold for $2.9 billion in 2005. Since stepping down as chairman and CEO of MGM in August 2009, he’s been gathering his chips for his next big bet.
KEY DEAL: Sloan and former CBS and Sony exec Jeff Sagansky closed a $190 million IPO for Global Eagle Acquisition Corp. in May, and now they’re shopping for the right company to spend it on.It could be “a traditional broadcast deal,” Sloan says, “but only outside the U.S. in a very high-growth market — Brazil, Indonesia, Turkey, India, China. There’s also some enthusiasm for new media companies in the U.S.”
SPARE TIME: Looking for more investment opportunities.
TOP CAUSE: Facing History and Ourselves