January 17, 2000 |
No one can accuse Richard Wolpert, chief executive of Beverly Hills-based e-commerce site CheckOut.com, of not putting his money where his mouth is. Wolpert, the former Disney Online president who often hypes the benefit of blending entertainment with technology, has made investments in several companies doing just that. Wolpert will announce today that his personal investment company, Westlake Village-based Chase Investments, has taken stakes in six technology and entertainment firms.
June 3, 1999 |
Entertainment heavyweights Richard Wolpert and Michael Ovitz, moving to expand their portfolio of Internet investments, said Wednesday that they have taken a multimillion-dollar minority stake in GameSpy Industries, a Costa Mesa-based online entertainment site. Privately held GameSpy, which has a staff of 30, is known for making a series of software applications that allow consumers to find everything from games to music on the Net. Financial details were not disclosed.
July 26, 1999 |
No one can doubt that companies such as Amazon.com, Dell Computer and EToys have demonstrated that the masses are perfectly willing to shop online--not with electronic commerce revenues forecast to top $36 billion this year. But one crucial element of retail success is still missing from cyberspace--the impulse purchase. Enter CheckOut.
October 20, 1998 |
Billionaire grocery magnate Ronald W. Burkle plans to branch out from the supermarket aisles he knows so well to the fast-moving world of the Internet, after announcing an $8-billion deal Monday to sell Fred Meyer Inc. to Kroger Co., a spokesman said. The agreement to sell Fred Meyer to the largest U.S. supermarket company is just the latest in a string of deals by Burkle, who started his career sweeping the floors and stacking loaves of bread at a grocery store in Claremont.
May 31, 2000 |
Ask Richard Wolpert what makes him tick as an angel investor and he tells you about the time he built a media room. The story behind that goes back to his childhood, when he decided he would build and sell a profitable business by age 30 so that, as he puts it, he might be done with working.
May 17, 1999 |
The latest company to be drawn to the flashy world of entertainment and e-commerce is Yucaipa Cos., the private Los Angeles investment company behind Kroger Co.'s deal to acquire Fred Meyer and create the nation's largest supermarket chain. Yucaipa recently bought Alliance Entertainment Corp. of Coral Springs, Fla., which distributes music, videos, DVDs and games, and operates Web sites about music, movies and games.