You would never have guessed unless maybe you knew that Willie Brown was about as well-connected as any politician in Californias history. Ron Burkle opens up on Penguins ownership, Mario Lemieux and the future (Burkle had fired the caretaker for taking the boy to the apartment of her boyfriend, a convicted drug felon.). "As the Penguins enter a new chapter, I will continue to be as active and engaged with the team as I always have been and look forward to continuing to build on our success with our incoming . Ronald Burkle's Ex-Wife Janet Steeper - Why Did The Former Pair Divorce 'Yellowstone' Spinoff, 'Mayor Of Kingstown', 'Land - Deadline The Mysteries of Jeffrey Epstein's Financial Black Book - Vanity Fair He made pals of young stars, pumping $50 million into the apparel company of rap producer Sean (Diddy) Combs and rehabbing a New York City apartment as a crash pad with the actor Leonardo DiCaprio, who is 22 years his junior. Golden State, one of McDonald's biggest suppliers, operates 11 distribution centers in the United States and abroad and two U.S. processing plants. Billionaire Ron Burkle, owner of Soho House, buys trio of historic Palm 8 court challenge", "Gore and Investors Buy Cable News Channel", "Current TV Said to Fetch $500 Million From Al Jazeera", "Bill Clinton May Get Payout of $20 Million", "Bill Clinton Leaves Yucaipa Business Partnerships", "Boy Scouts to Honor Ron Burkle with Prestigious Jimmy Stewart 'Good Turn' Award", "Gala AIDS Fund-Raiser Is Sedate but Still Starry", "Los Angeles Urban League's Whitney M. Young, Jr. She said her father phoned his security director in front of her, and told her Janet Burkle was with her boyfriend at this very moment.. [29] However, Burkle never confirmed the news publicly before exiting the Sacramento Republic's ownership group. Rules Don't Apply - Wikipedia Says he: I want to make real returns, so I cant afford to be in the auction business.. From the mid-1980's to the late 1990's, Yucaipa became Mr. Burkle's platform for assembling supermarket holdings in Southern California and elsewhere that made him one of the biggest grocers in the nation -- with stakes in stores like Food 4 Less, Ralph's, Dominick's and Fred Meyer. Burkle and Clinton spend hours flying together onboard Burkles [11] At age 16, he graduated from high school and entered California State Polytechnic University, Pomona to study dentistry. Burkle and Janet, whom he was then dating, divided the money into suitcases to be delivered to the kidnappers, who released their hostage unharmed. 27-year-old son of billionaire Ron Burkle found dead in Beverly Hills Yucaipa arranged for Clinton to make a speech at a Teamsters conference in 2003, and later Clinton urged Teamsters President James Hoffa Jr. to trust Burkle and present him with possible deals. Burkle has long enjoyed appearing in the New York gossip columns. [89], Burkle is a trustee of The Scripps Research Institute, The Carter Center,[4][90] the National Urban League,[4][90] Frank Lloyd Wright Building Conservancy[91] and AIDS Project Los Angeles. Spyglass Media Group, the entertainment outfit set up in the wake of the downfall of The Weinstein Co., appears headed to trial to defend itself against Ron Burkle, whose investment firm is still . In 1999 Yucaipa did its biggest deal yet. A representative for the propertys new owner, the California billionaire Ron Burkle, gives a tour. Bruck, Connie: "Cashier du Cinema After supermarkets, private equity and politics, Ron Burkle makes a move on Hollywood". Every item on this page was chosen by a Town & Country editor. In selling franchise to Fenway Sports Group, Mario Lemieux, Pittsburgh Ronald Burkle - Biography - MarketScreener.com But he lost badly in trying to get his 5,000-page divorce record sealed to protect his familys privacyand his own image. Paradigm Music Assets Draw Inquiries as Agency Struggles With Debt The investigative . Dave Benett/Getty Images The deal added yet another significant property to Mr. Burkle's extensive high-end property . The unofficial "mayor," Mike McLusky (Renner), a power broker between cops and criminals, feverishly tried to keep the peace last season as factions inside and out of . People went around saying I was trying to be a do-gooder, he says. The Rise Of Ron Burkle - Forbes Current TVnow has 40 million subscribers and a new user-generated content agreement with Subscribe to Forbes and Save. He has also gained some notoriety because of the litigation in his messy divorce from his former wife, Janet. How Did Andrew Burkle Die? Billionaire Son Found Dead In - YourTango Burkle, Hansen says, always wants to keep a dialogue running. Pathmark stock is up 120% in the 20 months since Yucaipa invested. The 720-strong chain is engaged in a fierce courtroom confrontation with Ron Burkle, a private equity tycoon whose Yucaipa investment vehicle has built a 19% stake in B&N and who is challenging a . Andrew Burkle, son of billionaire tycoon Ronald Burkle, has been found dead aged 27 at his home in Beverly Hills just days after . The 1,200 pages of documents were made public two days after the California Supreme Court rejected Burkles effort to keep them under seal, which he said was necessary to protect the safety of his children. A close study of his circle social, professional, transactional reveals a damning portrait of elite New York", "Jeffrey Epstein Moved Freely in Hollywood Circles Even After 2008 Conviction", Ron Burkle's federal campaign contributions, Gore reinvents television with the debut of Current, Billionaire and Post Writer in Dance of Tips and Turns, Ex-Post Keyholer Says Hes Cleared on Extortion Rap, Burkle's Source Agrees to Buy Primedia Magazine Group (Update4), Dow Jones Union Asks Tycoons to explore Alternatives to News Corp Bid, https://en.wikipedia.org/w/index.php?title=Ronald_Burkle&oldid=1132856660. His family wrote . He established community ties as a business strategy. Even some of his friends look at the contrast between such ostentatious displays of wealth and the more down-to-earth image Burkle tries to cultivate and scratch their heads. To see his dad, Ron Burkle had to go to the store or help fix up the houses his dad owned. I just do what I like doing -- that's it.". "He travels all over the world, he has a lot of friends, but nobody cares about him," he said. When a recent New York Times profile retold the Presidents anecdote about Burkles belovedness in the hood, the snipers at Page Six, Gawker and Slate.com took aim again. Ron Burkle was born on Nov. 12, 1952 in Pomona, Calif., the first of two sons born to Joseph and Betty Burkle. Ronald Wayne Burkle (born November 12, 1952) is an American businessman. . David Glasser Launches 101 Studios With $300M In Funding For - Deadline Since that experience, I have had a heightened appreciation for the necessity of attempting to protect ones family from potential kidnappers and other criminals, Burkle said in a declaration. Ron Burkle Lawsuit Sacramento MLS Stadium - Sportico.com He secretly videotaped two private meetings between himself and Stern, with the second meeting orchestrated and monitored by the FBI. On account of that, he applied for Serbian citizenship, which Serbian Government accepted and he was formally naturalized on November 25, 2019[citation needed], making him the third Serbian billionaire after Philip Zepter and Miroslav Mikovi, according to Forbes' list. He reportedly lost money in online ventures with former Hollywood super-agent Michael Ovitz. Ronald Wayne Burkle, 54, the California-born son of a grocery store manager, worked for his dad as a box boy, dropped out of college and put in 15 years at his dads store and the company that owned it. Meanwhile, industry chatter about a Wasserman transaction spurred . He wields tremendous influence, marvels Burkle, who is intent on doing much the same at much smaller companies. . Sign In. In a letter to The Times, Burkles attorney, Patricia L. Glaser, disputed the allegations. She also engaged a preeminent forensic accounting firm, and hired a private investigative firm to conduct an asset search on her behalf. Its preposterous! he protests. The former leader of the free world also is believed to get a slice of Yucaipas profits when the international fund (the last of the four) is finished liquidating five years from now or later. "But he never acted like he was one of those billionaires you read about. 2006-05-02 04:00:00 PDT Los Angeles-- Billionaires often seem more or less alike, doing what all superrich people do, only more so.Then there's Ron Burkle. The daughters declaration was made in support of Janet Burkles 2003 application for a court restraining order, which was denied. 2006-05-02 04:00:00 PDT Los Angeles -- Billionaires often seem more or less alike, doing what all superrich people do, only more so. For a man who says he is just trying to protect his privacy, Burkle has just invited a torrent of even greater scrutiny. Harvey Weinstein gave some reporters book deals through the publishing arm of Miramax; other studio heads offered writers script development deals, and one top editor simply accepted bags of cash. Still, he says, There is tremendous value in that content. Awards", "Los Angeles County Federation of Labor Man of the Year", "We Can Actually Solve the Problem of Childhood Hunger, Says Participant's Jim Berk", "Judd Apatow Honored by The Rape Foundation", "Jennifer Garner Honored at Rape Foundation Brunch", Frank Lloyd Wrights Ennis House Sells for $18 Million, Setting New Record, "Bob Hope's Toluca Lake Estate Finally Sellsto Billionaire Ron Burkle", "Penguins co-owner Burkle pays 1.4 million for Jesse Owens' gold medal", "Jesse Owens Medal Sold to Billionaire Burkle for $1.5 Million", "Next Makeover for a New No. Talking about Ronald's Career, he began his journey in 1986 after founding the private equity . Stern allegedly asked Burkle for a $220,000 investment in his clothing business in exchange for better coverage. The ex-President stands to do pretty well from the arrangement. California State Polytechnic University, Pomona, John F. Kennedy Center for Performing Arts, "Yucaipa Returns to Market with $1.65 Billion Target", "Company Information: The Yucaipa Companies LLC", "Matt Damon, Ben Affleck to Co-Host Cory Booker Fundraiser", "Protecting Hillary: Bill Clinton Severs Business Ties With Billionaire Buddy Burkle", "Burkle Gets Bill Clinton's Ear, No Respect From Ovitz", "LA 500: Ron Burkle | Los Angeles Business Journal", "What Ron Burkle's success, star power mean for Sacramento's Major League Soccer bid", "Ron Burkle opens up on Penguins ownership, Mario Lemieux and the future", "Trump sticks to hockey in honoring Cup champion Penguins", "NHL Lockout 2012: Progress Will Be Made When Players and Owners Meet on Tuesday", "Pittsburgh Penguins' Ron Burkle seen as possible bridge builder in NHL talks", Archive: Pittsburgh Penguins' Ron Burkle seen as possible bridge builder in NHL talks, "Mets Fans Beware, Private Equity-Owned Teams Lose on the Field", "Sacramento Republic's MLS hopes get boost as Ron Burkle agrees to take over team", "Ron Burkle pulls out as MLS expansion team owner in Sacramento", "San Diego confirmed as 2022 NWSL expansion market; Ellis to serve as team president", "San Diego To Be Home to NWSL Expansion Team, Led by Jill Ellis as President", "Ashton Kutcher's Sound Ventures Looks to Raise New Fund | Los Angeles Business Journal", "SoundCloud Receives Investment from Ashton Kutcher's A-Grade", "How Ashton Kutcher built a Silicon Valley investing career", "Guy Oseary, Ashton Kutcher's Tech Fund A-Grade Valued at $150 Million", "How I Made It: Billionaire's right-hand man Chris Hollod on becoming a big fish in a big pond", "Ron Burkle's Yucaipa Buys Music Booking Power Artist Group International", "Mogul Ron Burkle partnering in new branded entertainment company", "Paradigm, Yucaipa Expand European Reach by Pacting With London-Based X-Ray Touring", "Billionaire Ron Burkle takes stake in Independent Talent", "Report: Ron Burkle's Yucaipa Companies Makes A 'Substantial' Investment In Danny Wimmer Presents", "Burkle sells 51% stake in Golden State Foods", "Soho House Raises $100 Million To Expand Its Members' Club Around The World", "MGM Getting Into Boutique Hotel Business With New Acquisition", "Burkle Ronald W ownership in COLD / Americold Realty Trust - 13F, 13D, 13G Filings - Fintel.io", "Barnes & Noble Battle Royale: Burkle vs. Riggio", "Fleming Reaches Agreement to Become Only Food Supplier for Kmart Stores", "A&P in talks to buy Pathmark for about $653 million", "Company News; Cyrk Merger Is Being Explored By Major Shareholder", "P. Diddy Bulking Up: L.A. Investor Injects Millions Into Sean John", "PRIMEDIA ENTHUSIAST TITLES SOLD FOR $1.2 BILLION", "Burkle's Yucaipa Funds Targets Barnes & Noble; Asks OK To Boost Stake To 37%, Matching Riggios", "Barnes & Noble Won't Let Burkle Raise Stakes", "Relativity back in business with debt backed by Ron Burkle", "Haute 100 Los Angeles Update: Ronald Burkle Offers Amalgamated Bank a Chance for Growth", "Clinton's back in Beverly Hills tonight", "McAuliffe headed to Aspen, L.A. for PAC fundraisers", "Elton John fetes crowd at Ron Burkle's estate in support of Prop. He also couldnt resist inserting himself into the corresponding milieu on the West Coast. He bought black polo shirts (which were all Burkle ever seemed to wear) cheaply over the internet from China, added a pirate logo, and voila: the label Skull & Bones was born. News that the liberal, California billionaire has emerged as a .css-gegin5{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:#9a0500;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-gegin5:hover{color:#595959;text-decoration-color:border-link-body-hover;}likely buyer for the National Enquirer is the latest startling twist in the long history of that tabloid, which was founded as a muck-raking New York weekly in 1926. The grocery magnates family life, the unsealed records show, was supremely up-market. Instead, on June 8, 2021, the NWSL announced San Diego as the location for an expansion team owned by Burkle, which began play as San Diego Wave FC in the 2022 NWSL season. Above all Burkle made some political connections. [31] As of 2020, A-Grade's investment portfolio includes SeatGeek, SoundCloud, Uber, Warby Parker, Spotify, Foursquare, and Airbnb. Arnold Schwarzenegger that would have shielded Burkles financial information from public view. Critics of Burkle point out that the records in his divorce have been temporarily sealed at his request until the legal issues are resolved and appeals concluded. Ron Burkle was born on Nov. 12, 1952 in Pomona, Calif., the first of two sons born to Joseph and Betty Burkle. He said Carrie was reluctant to believe the two were involved. Ronald Burkle's producer son, 27, is found dead in his Beverly Hills In 1977, Ronald Burkle's ex-spouse gave birth to their daughter Carrie Anne Burkle, aka Carrie Burkle. Burkle sold the Fred Meyer chain (into which he had merged half a dozen urban chains and two big ones) to Kroger for $13.5 billion. The mainstream business press beats up on him, essentially for buying access and influence among politicians and leaders of the pension funds that invest with him (FORBES included). Burkle parlayed a $3,000 investment in American Silver and another metals company into $30,000 and began investing in and flipping undervalued grocery stores. Burkle poses with Princess Beatrice and her mother, Sarah Ferguson, Duchess of York, at the 2017 launch of The Ned, a hotel in London. He has earned his fortune from his company and various investments. On January 6, 2020, 27-year-old Andrew Burkle (the son of Pittsburgh Penguins co-owner Ron Burkle) was found dead in . November 17, 2021 11:00 AM. Yahoo Its going to be mighty hard to keep up performance numbers like those, now that private equity investing is getting to be a fad, many billions are sloshing around and sellers expect to reap the benefit in the form of bidding wars. This is a carousel. Stern was subsequently fired by the Post. Yet, according to those who know him, Burkle almost never seems to discuss politics or to seek special access or favors from the influential people he works so hard to befriend. Early next year he plans to raise a new corporate governance fund. Ronald Wayne Burkle (b. November 12, 1952, in Pomona, California) is an American business magnate. Janet Burkle also claimed that her husbands security agents followed her and their son into Jerrys Deli when they went to lunch, and tailed her at a park. Customer Service. "It is with deepest regret and sadness that we announce the death of Andrew C. Burkle on . But people know who he is now. With a remarkable career as a businessman and investor, Ronald has been able to amass a sizable amount of income. He eventually sold the chains, including Alpha Beta, Ralphs and Food 4 Less, to Kroger for nearly $13 billion in 1999. Ronald Burkle's Son Andrew Found Dead at 27 in Beverly Hills Home Safeway The son of California billionaire Ron Burkle was found dead at his home in Beverly Hills, California, the Los Angeles County coroner said Tuesday. In 2000 Burkle decided to launch a few private equity funds aimed at big no-auction deals (he has been the sole bidder in 75% of his transactions), and he brandished a well-honed talent for mixing business and politics. They settled, but the legal storm was only just beginning. [107], Burkle has worked with Novak Djokovic, world No.1 tennis player at the time, on strategic marketing and charitable initiatives. Details of the deal, under which Mario Lemieux and Ron Burkle will retain minority interests, were not announced, but Dejan Kovacevic has reported that it is worth $900 million. Stern is unbowed; he says the video was a trap and that he was seeking an investment in a clothing company not a bribe. The application accused her husband of spying on her, their young son and her boyfriend. Tribune Co. Burkle also has hosted a fundraising cocktail party for Eliot Spitzer, scourge of Wall Street and the newly elected Democratic governor of New York. The company hired to build the stadium, is now suing former lead investor, billionaire Ron Burkle for fraud and breach of contract. Specs 2,502 square feet, 5 bedrooms, 4.5 bathrooms. Billionaire Ron Burkle Makes Another Enemy - The Daily Beast The National Women's Soccer League confirmed Tuesday what the Union-Tribune had reported earlier, that a San Diego expansion team will begin play in 2022 at Torero Stadium with plans to move to . He operates from a clutch of relatively nondescript offices on Sunset Boulevard in Los Angeles that once belonged to David Geffen, the DreamWorks co-founder. Unfortunately, he passed away on January 6, 2020. Burkle characterized this as a shakedown attempt. While acknowledging he is a successful investor and businessman, Burkle said his wifes portrayal of him could hurt his relationship with leaders of organized labor. But for many people who have known Burkle for years and done business with him, this unseemly spectacle is an inexplicable paradox. [38], In January 2012, Burkle invested in Artist Group International, a concert-booking firm whose clients include Billy Joel, Metallica, and Rod Stewart. About Ron Burkle. This is such a tragic situation. [13], During the 1992 Los Angeles riots, Burkle refused to close his inner-city stores, a move for which he received praise. Now he wants to buy the National Enquirer. You may change your billing preferences at any time in the Customer Center or call Ronald Burkle multiplied his fortune by merging, buying and selling supermarket chains, including Ralphs Grocery Co. and Food4Less. Newspapers may have an angel / Billionaire Burkle emerges as - SFGATE Rules Don't Apply is a 2016 American romantic comedy-drama film written, produced and directed by Warren Beatty.It is loosely based on the life of businessman and film producer Howard Hughes.The ensemble cast features Beatty, in his first screen acting role in 15 years, Annette Bening, Matthew Broderick, Lily Collins and Alden Ehrenreich.Set in 1958 Hollywood, the film follows the romantic . He left with $8,450 in pay, vacation and severance; he still keeps that pay stub and the handscrawled rsum he wrote summarizing his one-company career. [8] In 2002, Burkle hired Clinton as a senior advisor on two Yucaipa domestic investment funds. He is a friend of Bill Clinton and a heavy Democratic political donor, and he also contributed to Schwarzeneggers campaign fund for ballot measures in 2006. The Post responded with a letter asking Mr. Burkle to provide details on his complaints about the column. [42] That same year, Burkle acquired a minority stake in Independent Talent through Yucaipa fund. ron burkle engaged I wake up every morning and only think about good things.. That gave him ready access to James Cantalupo, who was McDonalds chief until he died suddenly in 2004. Mr. We may earn commission on some of the items you choose to buy. As a subscriber, you have 10 gift articles to give each month. The ranch workers call it Africa, or the Serengeti. He owns interests in two supermarket chains, Wild Oats, based in Colorado, and Pathmark, concentrated on the East Coast. Remember the Time Anne Hathaway Dated a Con Man? - The Cut Ron Burkle and Fenway Sports Group LLC's John Henry (right) (Getty) Los Angeles billionaire and real estate investor Ron Burkle is in talks to sell one of . They got around in a fleet of luxury cars. The claims have generally focused on his alleged womanizing and his supposed hypocrisy in claiming he hates publicity. and began looking for investors. The Complete Ron Burkle | Observer In June 2004 California passed a law allowing divorce records to be sealed at the request of either spouse. (Burkle points out that he also raises money for philanthropy$100 million in ten years for Ronald McDonald House, City of Hope, the antidrug group DARE and other charities.). On the way, he's tried to keep under the radareven if he does . Indeed, Burkle has marched with the United Farm Workers and has long been a friend to the unions, which have given him many awards. Lot Size 9,018 square feet. Before he began his business career, he had worked as a store manager, at Stater Bros. Ron Burkle's Yucaipa Cos is also in the mix as an existing partner of Paradigm in some of its U.K. and European music holdings. Ron Burkle - Forbes Burkle with Barack Obama at the White House in 2016. Clinton got it to the point where Hoffa actually helped us with that deal, something I couldnt have gotten on my own, Burkle says. Burkle eventually became a close friend and affiliate of Milken and with his help assembled a California supermarket empire. He added, "It is also important in the newsrooms. [12], At age 21, he married Janet Steeper, a Stater Bros. clerk and great-grandniece of the aviation pioneers, the Wright brothers. Ron Burkle, the tactician. Eventually the house of cards came crashing down. We are delighted that you'd like to resume your subscription. Burkle has a Boeing 757 with its own bedroom suite. The documents had previously been public for a time but were not widely reported on before being sealed. Those are before fees. And in the afternoon, Im unemployed. Ron Burkle Net Worth | Celebrity Net Worth [103], In December 2013, Burkle purchased an Olympic gold medal won by Jesse Owens at the 1936 Berlin Games for $1.4 million[104] and owns William Faulkner's Nobel Prize for Literature. There are also the billionaires Ron Burkle, the onetime supermarket buyout impresario (and great friend of Bill Clinton), and Edgar Bronfman Jr., the spirits scion who took the family's fortune . In a recent and rare interview for the Wall Street Journal, Ron Burkle finally talks about his latest purchase: The Neverland Ranch. His personal Boeing 757, which included a private bedroom suite, and was often used to transport important pals like the former president, was known colloquially among gossip journalists as Air F**k One., Burkle would often call reporters directlymyself included, during my years at the Daily Newsto spin the item of the day. 11723. The two men would become close friends, albeit in the Presidents memoir, published in 2004, Burkle is cited only twice in 969 pages: He is one of 57 people named in the twelfth paragraph of 4 pages of acknowledgments; and their first meeting shows up on page 409. [47], In 2014, Burkle acquired Soho House, a chain of hotels and private members clubs. Also failed to win a professional football franchise to replace the Rams. Connections matter in private equity. But it turns out that Burkles stores, too, sustained damageupward of $30 million, with a few stores that were burned to the ground, the Orange County Business Journal reported at the time. He's also co-owner of the Pittsburgh Penguins. Before joining the board, she was a general assignment reporter for the Los Angeles Times California section. With the Page Six imbroglio, that image of a powerful man with a low-key personality has now been turned on its head. Gawker editors jeered and posted the letter for all to see; a day later apologized, acidly. Billionaire Son Found Dead In His Apartment. In 1998, he launched The Ronald W. Burkle Foundation, which "seeks to . [22], Burkle played an active part in negotiations to construct the PPG Paints Arena for the Penguins. Ronald Burkle, Andrew Burkle (R) and John Burkle (L). A Pomona native who got his start in the grocery business, he's run investment firm Yucaipa Companies for more than 30 years. She previously worked for the Washington Posts Style section, where she juggled writing with acting roles in small theaters and even a couple of TV shows. (Gore receives a portion of the profits and is believed to own a minority stake). L.A. billionaire Ron Burkle is the buyer of Bob Hope's Palm Springs Then, in 1981, their son, John Burkle, arrived. And Stern, who has been suspended by the Post but was recently the guest editor for Gawker, a gossipy Web site, and Page Six have continued to attack Burkle with undisguised glee. [4][83] He has received numerous honors and awards from labor including the AFL-CIO Murray Green Meany Kirkland Community Service Award[84] and the Los Angeles County Federation of Labor Man of the Year. Anyone can read what you share. He formed investment firm Yucaipa in 1986 and bagged big returns buying and selling supermarket chains . But the reporter was too smart to take the proffered gym bag full of greenbacks, and the ensuing scandal coverage (my own rival tabloid was only too happy run it on the front page for weeks) was as messy as it was inconclusive. That moment has its own bit of mythmaking. The liberal California investor has long tangled with the tabloid press. News that the liberal, California . Items about Mr. Burkle's social life and personal comings and goings began appearing on the page without any warning, or so much as a call for comment, the associate said -- and with little resemblance to the truth. "[78], In 2009, Bill Clinton ended his relationship with Yucaipa due to potential conflicts of interest. [75], In 2004, Burkle helped finance the launch of Al Gore's Current TV,[76] which was sold in January 2013 to Qatar-based cable news channel Al Jazeera. Details are murky still, but it sounds a bit like a Carl Icahn-style purchase of a block of shares in a troubled company, followed by agitation for maximizing shareholder value. A bitter battle ensued, and Burkle won every round.
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