Sixth Street Partners Nears Deal for Majority Stake in Legends Hospitality Group
Deal values the sports-and-entertainment events company at $1.3 billion, including debt
Founded in 2008 by a group that included the Dallas Cowboys, Legends partners with top brands to design, plan and manage events and live experiences. Photo: Ronald Martinez/Getty Images By Jan. 11, 2021 4:54 pm ET
Investment firm Sixth Street Partners is nearing a deal to buy a majority stake in sports-and-entertainment events company Legends Hospitality LLC, according to people familiar with the matter.
The deal, which could be announced Monday, is expected to value Legends at $1.3 billion including debt, the people said.
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“[This] resolution demonstrates that any company that obtains a competitor’s confidential information for commercial advantage, without authority or permission, should expect to be held accountable in federal court,” said Acting Brooklyn U.S. Attorney DuCharme.
Ticketmaster Pays $10M Fine for Intrusions into Competitor’s Computer Systems
By Forum Staff
Ticketmaster has agreed to pay a $10 million fine to resolve charges that it repeatedly accessed without authorization the computer systems of a competitor, federal prosecutors recently announced.
The fine is part of a deferred prosecution agreement that Ticketmaster has entered with the Brooklyn U.S. Attorney’s Office to resolve a five-count criminal information charging computer intrusion and fraud offenses. Previously, on Oct. 18, 2019, Zeeshan Zaidi, the former head of Ticketmaster’s Artist Services division, pleaded guilty in a related case to conspiring to commit computer intrusions and wire fraud base
Ticketmaster Pays $10 Million Criminal Fine for Intrusions into Competitor s Computer Systems | USAO-EDNY justice.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justice.gov Daily Mail and Mail on Sunday newspapers.
By City News Service
Dec 31, 2020
BEVERLY HILLS (CNS) - Beverly Hills-based Ticketmaster will pay a $10 million fine to avoid prosecution and resolve criminal charges from the Department of Justice that it hacked into a rival company s computer systems on repeated occasions.
The fine is part of a deferred prosecution agreement Ticketmaster entered into with federal prosecutors in New York over five counts of alleged criminal conduct including charges of computer intrusion, conspiracy and fraud, officials announced late Wednesday.
“Ticketmaster employees repeatedly and illegally accessed a competitor s computers without authorization using stolen passwords to unlawfully collect business intelligence, said Seth D. DuCharme, acting U.S. Attorney for the Eastern District of New York.