Entertainment, Productivity |

Former Maker Studios CEO Sues to Block Disney Purchase

Walt Disney

The co-founder and former chief executive of Maker Studios, Danny Zappin, filed a lawsuit aimed at preventing a shareholder vote on a takeover offer from Walt Disney Co, the Wall Street Journal reported on Thursday.

Zappin and three other former Maker executives asked a California court to issue a temporary restraining order to delay an April 15 vote by Maker shareholders, the Journal said.

Disney agreed in March to buy Maker Studios, one of YouTube’s largest networks, for $500 million.

Reuters

 

Ivan Castilho
About the Author

Ivan Castilho is an entrepreneur and long-time Apple user since 2007, with a background in management and marketing. He holds a degree in Management and Marketing and multiple MBAs in Digital Marketing and Strategic Management. With a natural passion for music, art, graphic design, and interface design, Ivan combines business expertise with a creative mindset. Passionate about technology and innovation, he enjoys writing about disruptive trends and consumer tech, particularly within the Apple ecosystem.

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