CGC/CCG to be sold... 8 8

[Monkeyman]

> $500 million

[WolverineX]

1 minute ago, Get Marwood & I said:

This from the link:

C. C. Melvin Ike, Principal at Blackstone, said:

“As thematic investors, we look for exceptional entrepreneurial teams succeeding in growing markets, and CCG is a great example. We have been closely following the rise of the global physical and digital collectibles industry for several years and we were drawn to CCG because of their leadership role in the categories that they serve, and Blackstone’s ability to grow the platform through both organic and inorganic initiatives. We look forward to working together to help the company continue and even accelerate its impressive growth trajectory. But we'll be shutting down that shy little comic forum as it's full of fruitcakes”

Anyway we can transition these forums from it's inevitable end to another hosting service using ad revenue or donations?

[s-man]

Blackstone Tactical

Isn't that what Jason Bourne was a part of?

[Icculus308win]

I just want the Boards and Registry to stay the same. I have enough change always in every other sector of my life - nice if my hobbies just stayed the course 

[Get Marwood & I]

1 minute ago, s-man said:

Blackstone Tactical

Isn't that what Jason Bourne was a part of?

You can never come back to this forum. No more friends. Nothing familiar. 

[Buzzetta]

So they sold CGC…

 

“Which they didn’t have to do.”

[vheflin]

[HotKey]

Obligatory 

 

[Icculus308win]

1 minute ago, Buzzetta said:

So they sold CGC…

 

“Which they didn’t have to do.”

They just wanted to 

[MattTheDuck]

[csaag]

quoted from an article

"Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant minority stake"

so they're not running off

[shadroch]

9 minutes ago, Wolverinex said:

This may have made Voldemort a bit stronger...  unless he is preparing to sell out too

 

 

 

Blackstone may parcel up the company and sell off different divisions. 

[WolverineX]

2 minutes ago, Buzzetta said:

So they sold CGC…

 

“Which they didn’t have to do.”

That was just a taste of what's to come.  VC firms don't f around.  It's all about the bottom line. 

[vheflin]

What if they take it public ...

[csaag]

also from the article

 

"Additional investors in today's transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business."

 

76ers president?    first the Ben Simmons debacle - now this....

[wombat]

3 minutes ago, csaag said:

quoted from an article

"Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant minority stake"

so they're not running off

Doesn't matter. They have bosses now. 

[WolverineX]

5 minutes ago, csaag said:

quoted from an article

"Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant minority stake"

so they're not running off

bolded what matters.  they have as much power as you.  

[carcrawfordfan]

2 minutes ago, csaag said:

also from the article

 

"Additional investors in today's transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business."

 

76ers president?    first the Ben Simmons debacle - now this....

Daryl Morey used to work at a local movie theater near me when he was a young lad. A few of my good friends worked with him and say he was crazy smart. 

[Buzzetta]

4 minutes ago, csaag said:

also from the article

 

"Additional investors in today's transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business."

 

76ers president?    first the Ben Simmons debacle - now this....

Not going to lie… I was REALLY hoping to see Dylan or Cals name in that list. 

[vheflin]