big spender

Mr. Walter

Guggenheim Partners Outbids Ryan Seacrest, Buys Dick Clark Productions for $370 Million

Mad Mark Walter is at it again, as Guggenheim Partners finalized a deal to acquire Dick Clark Productions, or DCP, for $370 million, well beyond what other bidders were apparently willing to pay.

Mr. Walter, chief executive officer of the privately-owned financial firm, led a group that paid $2 billion for the Los Angeles Dodgers this spring, a price that was reportedly hundreds of millions of dollars more than the best offers at which rival groups were able to arrive. Read More

The Academy Awards

Admiral Aladeen (Sacha Baron Cohen) on the red carpet

Red Carpet Dictator: Sacha Baron Cohen Defies Academy ‘Warning,’ Spills Kim Jong Il’s Ashes on Ryan Seacrest at Oscars (Video)

The funniest moment of last night’s almost tearfully boring Academy Awards had nothing to do with Billy Crystal‘s hosting duties, which were apparently ripped from a Catskills comedian back in the 70s. No, the best moment was Sacha Baron Cohen showing up on the red carpet, fully in character as Admiral Aladeen of Wadiya to promote his upcoming movie The Dictator.

This was supposed to be a big deal, since Mr. Baron Cohen, who co-starred in Martin Scorsese‘s Hugo, was allegedly told by the Academy not to promote his movie through some viral marketing stunt on the red carpet. The Borat actor replied earlier last week in the form of a YouTube video and a phone call on Today, then went ahead and showed up as Admiral Aladeen anyway. Read More