Thursday, April 10, 2014
Former Maker Execs Sue To Stop Disney Acquisition
Former Maker Studios CEO and co-founder Danny Zappin--along with three other former executives of the company--have filed a lawsuit seeking a temporary restraining order seeking to stop the acquisition of Maker Studios by Disney. Disney said it would pay as much as $950M, including earnout, for Maker Studios on March 24th. The lawsuit was filed on Wednesday. The legal documents filed by Zappin name not only Maker Studios, but venture capitalists Mark Suster and Dana Settle, as well as GRP Partners (now Upfront Ventures). Zappin already had an existing lawsuit against Maker, which he filed after being removed as CEO of the company.