Story | Nov 12, 2013 | 1:55 PM
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Story | Nov 12, 2013 | 8:55 AM“Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
Story | Sep 5, 2012 | 4:07 PM
Story | Aug 21, 2014 | 2:20 PM
Callison, one of the largest architecture firms in the U.S., said it will be acquired by Dutch design giant Arcadis as it seeks to tackle an increasingly hungry global market. Seattle-based Callison has 1,000 employees in 11 offices worldwide,...
Story | Aug 21, 2014 | 2:23 PM
HONG KONG (Reuters) - As Chinese banks prepare to raise $55 billion in the country's first preferred share offers, foreign investment banks with experience in structuring such deals are ready to pounce on a potential $275 million in underwriting fees....