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Former Yahoo CEO Terry Semel Woos Dubai’s Billions

July 9, 2008
by S.T. VanAirsdale
Senior Editor, Defamer

S.T. VanAirsdale

While DreamWorks, Lionsgate and even Cash-Machine Manoj all have Indian capital to thank for their varying degrees of independence, Terry Semel is apparently courting a few billion dollars from Dubai as he nears a deal to acquire the management giant (and burgeoning media player) IMG. The ex-Warner Bros./Yahoo! kingpin has had his eye on Teddy Forstmann’s hobby since at least June, when it was rumored Semel was knocking on a few gilded doors around the Middle East, hat in hand.

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