invested

In 2013, Clooney reportedly invested $600,000 in Casamigos; Diageo agreed to buy it for $1 billion in 2017, with his upfront share at $233 million

by
With the founders holding equal stakes, George Clooney’s estimated gross share of Casamigos’ $700 million upfront sale price was about $233 million. A fully paid earn-out could add another $100 million before taxes. His final proceeds depended on taxes and the deal’s performance conditions. (AP Photo/Scott A Garfitt)

Four years after three friends decided to produce their own tequila for personal consumption, international beverage company Diageo agreed to acquire their brand for up to $1 billion. Announced in June 2017, the deal described Casamigos as “America’s fastest-growing super-premium tequila.” Under the agreement outlined in Diageo’s official announcement, the company would pay $700 million … Read more

In 2023, Reed Hastings invested $100 million to become majority owner of Utah’s Powder Mountain; he is now spending another $200 million as the resort expands public and private skiing

by
In 2023, Reed Hastings invested $100 million to become majority owner of Utah's Powder Mountain; he is now spending another $200 million as the resort expands public and private skiing

Hastings became the controlling owner of Powder Mountain in 2023 after investing $100 million (Image Credit: Powder Haven) What happens when a Netflix co-founder turns his attention from streaming to skiing? For Reed Hastings, it has meant taking control of one of Utah’s largest ski areas and attempting to reshape how a mountain resort operates. … Read more

Why did Corie Walsh allegedly kill her 2-year-old son? Illinois mother was ‘very invested’ in Lindsay Clancy case

by

An Illinois mother is facing a murder charge after prosecutors accused her of killing her 2-year-old son. The case has drawn attention because she had been closely following the Lindsay Clancy murder trial. Corie Walsh, 40, has been charged with murdering her 2-year-old son. (Will County Sheriff’s Office, Reuters) Who is Corie Walsh? Corie Walsh … Read more