Rees-Zammit Joins Super Bowl to Endeavor Goes Incognito.

In this week’s Trippant Takeaways we explore: Rees-Zammit Joins Super Bowl; Whistleblower Raises Concerns; Arctos Scores Big; F1 and Moto GP; Endeavor Goes Incognito; Apple’s Electric Vehicle Hits a Speed Bump. Have a great weekend! 

 

Rees-Zammit Joins Super Bowl Champs

BBC Sports unveiled that Kansas City Chiefs signed Louis Rees-Zammit, a former rugby union wing for Wales. Rees-Zammit impressed scouts with his blazing speed at the NFL Pro Day and will compete for a spot on the Chiefs’ 53-man roster.  

 

Is TikTok a Threat? Whistleblower Raises Concerns

In a recent article on Wired: A former TikTok risk manager named Zen Goziker has come forward alleging that the company could be transferring US user data to China. Goziker’s claims have gotten a lot of attention, but there is little public evidence to support them. The US government is currently considering legislation to ban TikTok, but it remains to be seen if Goziker’s allegations will play a role in that decision. 

 

Arctos Scores Big with $4.1 Billion Fund

Profluence on Arctos, a sports investment firm, has closed its second sports investment fund at a whopping $4.1 billion. This makes Arctos’ total assets under management $7 billion, the largest amount for a firm focused solely on professional sports. The fund attracted investment from a variety of sources, including sovereign wealth funds, pension funds, and insurance companies. Arctos plans to use the money to invest in a variety of professional sports teams and leagues around the world. 

 

Double Trouble or Dream Team?

ESPN on Liberty Media, the owner of Formula One, has acquired MotoGP in a deal that could have a big impact on the future of motorcycle racing. Liberty Media sees MotoGP as a business with significant potential and plans to grow the sport for fans, teams, and shareholders. However, the takeover could face regulatory scrutiny because Liberty Media already owns Formula One.

 

Reuters on Endeavor Goes Incognito

Silver Lake, a private equity firm, has agreed to take Endeavor, a talent agency and entertainment company, private in a deal valued at $13 billion. Endeavor represents some of the biggest names in Hollywood, including actors, directors, and writers. The deal is expected to close later this year. 

 

Apple’s Electric Vehicle Hits a Speed Bump

Business Insider on Apple has reportedly cut 600 jobs in California after its electric vehicle project hit a roadblock. The company is reportedly scaling back its ambitions for an electric car and laying off employees who were working on the project.

 

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