{"id":85685,"date":"2020-10-09T18:43:29","date_gmt":"2020-10-09T15:43:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/shaquille-oneal-mlks-son-and-ex-disney-execs-team-up-for-tech-deal\/"},"modified":"2020-10-09T18:43:29","modified_gmt":"2020-10-09T15:43:29","slug":"shaquille-oneal-mlks-son-and-ex-disney-execs-team-up-for-tech-deal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/shaquille-oneal-mlks-son-and-ex-disney-execs-team-up-for-tech-deal\/","title":{"rendered":"#Shaquille O’Neal, MLK’s son and ex-Disney execs team up for tech deal"},"content":{"rendered":"

“#Shaquille O’Neal, MLK’s son and ex-Disney execs team up for tech deal<\/strong>”
\n<\/p>\n

\n Shaquille O\u2019Neal is teaming up with three former high-ranking Disney execs and one of Martin Luther King Jr.\u2019s sons to make deals in the media<\/a> and technology<\/a> space.<\/p>\n

The new group, called Forest Road Acquisition Corp., aims to raise $250 million for potential acquisitions that could include intellectual property and \u201caudience aggregation platforms\u201d such as streaming platforms, according to a securities filing.<\/p>\n

Forrest Road is a special-purpose acquisition company, or SPAC, the filing said. SPACs have no business operations, as they are created simply to raise money to buy an existing company that then takes over their stock listing.<\/p>\n

In this case, the existing company is the film-financing firm Forest Road Co., whose chief executive Zachary Tarica will serve as chairman of the SPAC. Keith Horn, a former chief operating officer of Elliott Management and founder of Loring Capital Advisors, will be CEO.<\/p>\n

O\u2019Neal, a sports commentator on TNT Network who owns many Papa John\u2019s Pizza and Auntie Anne\u2019s pretzel franchises, will serve as a strategic adviser. The NBA great also owns nightclubs in Las Vegas and is active in esports.\u00a0 According to the filing, O\u2019Neal has \u201ca keen eye for investing in successful ventures, having invested in Google prior to its initial public offering and Ring prior to its sale to Amazon.\u201d<\/p>\n

Former Disney chief operating officer Tom Staggs\u00a0will grab the reins as chairman of the the group\u2019s strategic-advisory committee. Kevin Mayer, who recently had a short stint as CEO of social media platform, TikTok, and previously oversaw Disney\u2019s streaming service, Disney+, is a strategic adviser. Sahlil Mehta, a former Disney strategy exec, will become chief financial officer.<\/p>\n

Martin Luther King III, a civil-rights activist who is the eldest son of Martin Luther King Jr., has been tapp<\/a>ed as a director. In recent years, King III, has become active in the media industry as a co-founder of Bounce TV, a broadcast network that caters to black viewers.<\/p>\n

\u201cWe believe that our team\u2019s experience in building and executing strategies that combine capabilities and expertise in consumer preferences and technology\/product development will differentiate our ability to source a successful partner,\u201d the company said in its filing.\n <\/p><\/div>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Shaquille O’Neal, MLK’s son and ex-Disney execs team up for tech deal” Shaquille O\u2019Neal is teaming up with three former high-ranking Disney execs and one of Martin Luther King Jr.\u2019s sons to make deals in the media and technology space. The new group, called Forest Road Acquisition Corp., aims to raise $250 million for potential…<\/p>\n","protected":false},"author":1,"featured_media":85686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/shaquille-disney-spac-e1602257927677.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[75041,1569,70610,73711,70584,70383],"class_list":["post-85685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-9-20","tag-disney","tag-finance","tag-investments","tag-mergers-acquisitions","tag-shaquille-oneal"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/85685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=85685"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/85685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/85686"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=85685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=85685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=85685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}