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Terry Semel Woos Dubai's Billions in Planned Return to Moguldom [Big Deals]
Posted on July 08, 2008
While DreamWorks, Lionsgate and even Cash-Machine Manoj all have Indian capital to thank for their varying degrees of independence, Terry Semel is apparently courting a few billion dollars from Dubai as he nears a deal to acquire the management giant (and burgeoning media player) IMG. The ex-Warner Bros./Yahoo! kingpin has had his eye on Teddy Forstmann's hobby since at least June, when it was rumored Semel was knocking on a few gilded doors around the Middle East, hat in hand. Now, however, with Chris Albrecht well into his tenure as IMG boss and with a $250 million mandate to develop co...
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