{"id":235146,"date":"2022-10-02T04:30:25","date_gmt":"2022-10-02T09:30:25","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=235146"},"modified":"2022-10-05T17:23:08","modified_gmt":"2022-10-05T22:23:08","slug":"endeavor-ceo-ari-emanuel-talking-to-musk-twitter","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/","title":{"rendered":"Musk Twitter Feud Has Hollywood Feel, Gaming Ties"},"content":{"rendered":"

Elon Musk\u2019s efforts to acquire Twitter (NYSE:TWTR) that’s turned into a refusal to follow through with the deal is generating Hollywood-level drama. It’s happening while highlighting previously overlooked ties to the gaming industry.<\/p>\n

\"Ari
Endeavor Group CEO Ari Emanuel. He’s rumored to be involved in settling Elon Musk’s feud with Twitter. (Image: Bloomberg<\/em>)<\/figcaption><\/figure>\n

A Bloomberg <\/em>article out Friday indicates Hollywood agent Ari Emanuel is attempting to broker peace between Musk and the social media company. That’s as the Tesla founder and Twitter tussle in a Delaware court.<\/p>\n

\n

Musk offered $44 billion, or $54.20 a share, to purchase the left-leaning social media firm, but is now looking to walk away from the deal. He’s claiming the California-based company isn\u2019t being forthright about its slack outlook and the number of fake, or bot, accounts on the platform.<\/p>\n<\/div>\n

Emanuel is Endeavor Group Holdings, Inc. (NYSE:EDR), which owns UFC, the Professional Bull Riders (PBR), and Euroleague. The company recently purchased the OpenBet sports wagering business<\/a> from Light & Wonder (NASDAQ:LNW).<\/p>\n

OpenBet clients include DraftKings, FanDuel, William Hill, and WynnBet. Emanuel is the brother of former Chicago mayor and White House Chief of Staff Rahm Emanuel. The Endeavor boss is also believed to be the inspiration for the character Ari Gold on the hit HBO series Entourage.<\/em><\/p>\n

More Gaming Ties<\/h2>\n

The gaming ties to the Musk\/Twitter rift don\u2019t end there. To help cooler heads prevail, Emanuel reportedly reached out to Twitter board member Egon Durban.<\/p>\n

Durban and the other directors initially voted against Musk acquiring Twitter. He is the chief executive officer of private equity investor Silver Lake. He\u2019s also an Endeavor director. In addition to the social media company and the UFC parent, Durban is on 10 other corporate boards.<\/p>\n

Silver Lake has an expansive portfolio of companies it invests in, and its gaming exposure isn\u2019t confined to Endeavor. The firm also holds stakes in Fanatics and Madison Square Garden Sports.<\/strong><\/p>\n

Fanatics, which could take sports bets by the end of 2022<\/a>, was recently valued at $27 billion<\/a> in private markets. Analysts view it as a potential mega-player in the sports wagering space when it ultimately decides to make that leap.<\/p>\n

Silver Lake also has a stake in Pro Football Focus — a provider of data and analytics used by football teams, fantasy sports players, and bettors.<\/p>\n

Unclear Why Emanuel Is Involved In Twitter Feud<\/h2>\n

As noted in the Bloomberg<\/em> article, it\u2019s not yet clear exactly what Emanuel\u2019s angle is in the Musk\/Twitter rift, aside from his ties, which are described as \u201cclose\u201d to Durban and Musk. The Twitter boss previously held a board seat at Endeavor.<\/p>\n

Suppose Musk is legally compelled to move forward with the acquisition. In that case, he said that the social media company will be taken private and repositioned for an initial public offering (IPO) in the future.<\/p>\n

Consensus in the legal community is that Musk will be forced to move ahead with the transaction. But through the litigation, he could well get what he wants: Twitter revealing the true number of fake accounts it allows to operate.<\/strong><\/p>\n

He said Twitter told him bots or spam accounts make up less than 5% of users, and that figure was published in regulatory documents. But the Tesla boss believes the percentage is likely significantly higher. If that\u2019s true, the social media\u2019s number of monetizable accounts is smaller than originally estimated.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s efforts to acquire Twitter (NYSE:TWTR) that’s turned into a refusal to follow through with the deal is generating Hollywood-level drama. It’s happening while highlighting previously overlooked ties to the gaming industry. A Bloomberg article out Friday indicates Hollywood agent Ari Emanuel is attempting to broker peace between Musk and the social media company. […]<\/p>\n","protected":false},"author":46,"featured_media":235147,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810,1],"tags":[81903,81898,81967],"acf":[],"yoast_head":"\nEndeavor CEO Ari Emanuel Talking To Musk, Twitter<\/title>\n<meta name=\"description\" content=\"Endeavor CEO Ari Emanuel trying to broker peace between Musk, Twitter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Endeavor CEO Ari Emanuel Talking To Musk, Twitter\" \/>\n<meta property=\"og:description\" content=\"Endeavor CEO Ari Emanuel trying to broker peace between Musk, Twitter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-02T09:30:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-05T22:23:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/AE.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"881\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/\",\"url\":\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/\",\"name\":\"Endeavor CEO Ari Emanuel Talking To Musk, Twitter\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/AE.jpg\",\"datePublished\":\"2022-10-02T09:30:25+00:00\",\"dateModified\":\"2022-10-05T22:23:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Endeavor CEO Ari Emanuel trying to broker peace between Musk, Twitter.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/endeavor-ceo-ari-emanuel-talking-to-musk-twitter\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/AE.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/AE.jpg\",\"width\":1200,\"height\":881,\"caption\":\"Endeavor Group CEO Ari Emanuel. 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