Tom Gores

Detroit Pistons owner Tom Gores and his wife, Holly, have listed their house in gated Mulholland Estates at $10.75 million. Although the Multiple Listing Service considers the community in the 90210 ZIP Code to be the Beverly Hills Post Office area, The Times' Mapping L.A. database shows the mansion sits within Sherman Oaks. The Mediterranean, custom built in 1992, features a family room with exposed beams, a paneled library, two bars, five fireplaces, a screening room, six bedrooms and eight bathrooms in 11,107 square feet.

Christina Aguilera recently closed escrow on a mansion in gated Mulholland Estates, buying the Westside home of Detroit Pistons owner Tom Gores and his wife, Holly , for $10 million. The Mediterranean, custom built in 1992, features a family room with exposed beams, a paneled library, two bars, five fireplaces, a screening room, six bedrooms, nine bathrooms and 11,107 square feet of living space. A saltwater swimming pool with spa, a bathhouse and a gazebo also sit on the more than three-quarters of an acre of grounds.

He didn't get the company, so he's settling for the headquarters instead. Los Angeles financier Tom Gores, who lost out on the bidding for fallen telecommunications giant Global Crossing Ltd., will soon own one of the firm's crown jewels: the posh Beverly Hills campus where Chairman Gary Winnick ran his empire from an oval office reminiscent of the one on Pennsylvania Avenue in Washington.

Detroit Pistons owner Tom Gores and his wife, Holly, have sold their house in gated Mulholland Estates on the Westside for $10 million. The Mediterranean, custom built in 1992, features a family room with exposed beams, a paneled library, two bars, five fireplaces, a screening room, six bedrooms, nine bathrooms and 11,107 square feet of living space. A saltwater swimming pool with spa, a bathhouse and a gazebo also sit on the more than three-quarters of an acre of grounds. Billionaire Gores and his Beverly Hills-based private equity firm, Platinum Equity, own Palace Sports & Entertainment, which includes the Pistons.

In a telecom industry clogged with familiar names, little-known Los Angeles financier Tom T. Gores is emerging as a strong candidate to buy the core fiber-optic network business of Global Crossing Ltd.--if the process doesn't wear him out first.

As expected, Platinum Equity, a buyout company owned by billionaire Tom Gores, agreed to acquire struggling computer modem maker U.S. Robotics Corp. Terms weren't disclosed.

Hedge fund manager Adam Sender was angry -- at the man with whom he had invested $1.1 million and at himself for believing it would lead to a successful film company and another venture. So after a year of searching in vain for Aaron Russo, Sender hired private detective Anthony Pellicano.

A private equity firm owned by Beverly Hills financier Tom T. Gores said Monday that it had agreed to buy part of fiber-optic network owner Global Crossing Ltd. for $40.5 million. Platinum Equity will acquire Global Crossing's small-business unit, which serves about 30,000 small and medium-size companies, and meld it into its own telecommunications operations. Platinum's Matrix Telecom Inc.

Los Angeles private investment firm Gores Technology Group said Monday that it had agreed to buy an unprofitable U.S.-based Web hosting and networking firm owned by Britain's Cable & Wireless for $125 million. Gores, which recently raised $400 million for a buyout fund, would be putting some of that money to work in the acquisition of the unit, which is based in Reston, Va. Of the purchase price, Gores would pay $50 million in cash and the rest in debt.

Alec Gores, the Los Angeles technology turnaround artist who hopes to make a bid for Global Crossing Ltd. as early as this week, has never tackled anything as big or complex as the company responsible for the fourth-largest bankruptcy in U.S. history. His Gores Technology Group prefers to take control of troubled divisions of large corporations, and his biggest deals to date include buying Learning Co. from Mattel Inc. and the VeriFone unit of Hewlett-Packard Co.

Detroit Pistons owner Tom Gores and his wife, Holly, have listed their house in gated Mulholland Estates at $10.75 million. Although the Multiple Listing Service considers the community in the 90210 ZIP Code to be the Beverly Hills Post Office area, The Times' Mapping L.A. database shows the mansion sits within Sherman Oaks. The Mediterranean, custom built in 1992, features a family room with exposed beams, a paneled library, two bars, five fireplaces, a screening room, six bedrooms and eight bathrooms in 11,107 square feet.

Walt Disney Co. has received three bids for the specialty label Miramax Films, said people close to the situation who did not want to be identified because the offers were confidential, and now has to make a decision whether to sell the asset or hold on to it. If Disney ends up selling Miramax, it would mark the end of the studio's 17-year ownership of the label, known for championing independent films that often garnered awards on the film festival...

Once again Walt Disney Co. has pushed back the deadline for bidders making offers to acquire the specialty label Miramax Films, to Monday, according to people with knowledge of the situation. As the deadline approaches, one prospective bidder has dropped out: Washington Redskins owner Daniel Snyder, whose RedZone Capital investment firm decided not to submit an offer after reviewing documents and having discussions with Disney executives, two people close to the process said. That leaves Miramax founders Bob and Harvey Weinstein, who sold the company to Disney in 1993, as among the remaining potential bidders.

Hedge fund manager Adam Sender was angry -- at the man with whom he had invested $1.1 million and at himself for believing it would lead to a successful film company and another venture. So after a year of searching in vain for Aaron Russo, Sender hired private detective Anthony Pellicano.

As expected, Platinum Equity, a buyout company owned by billionaire Tom Gores, agreed to acquire struggling computer modem maker U.S. Robotics Corp. Terms weren't disclosed.

A private equity firm owned by Beverly Hills financier Tom T. Gores said Monday that it had agreed to buy part of fiber-optic network owner Global Crossing Ltd. for $40.5 million. Platinum Equity will acquire Global Crossing's small-business unit, which serves about 30,000 small and medium-size companies, and meld it into its own telecommunications operations. Platinum's Matrix Telecom Inc.

Detroit Pistons owner Tom Gores and his wife, Holly, have sold their house in gated Mulholland Estates on the Westside for $10 million. The Mediterranean, custom built in 1992, features a family room with exposed beams, a paneled library, two bars, five fireplaces, a screening room, six bedrooms, nine bathrooms and 11,107 square feet of living space. A saltwater swimming pool with spa, a bathhouse and a gazebo also sit on the more than three-quarters of an acre of grounds. Billionaire Gores and his Beverly Hills-based private equity firm, Platinum Equity, own Palace Sports & Entertainment, which includes the Pistons.

Once again Walt Disney Co. has pushed back the deadline for bidders making offers to acquire the specialty label Miramax Films, to Monday, according to people with knowledge of the situation. As the deadline approaches, one prospective bidder has dropped out: Washington Redskins owner Daniel Snyder, whose RedZone Capital investment firm decided not to submit an offer after reviewing documents and having discussions with Disney executives, two people close to the process said. That leaves Miramax founders Bob and Harvey Weinstein, who sold the company to Disney in 1993, as among the remaining potential bidders.

Los Angeles private investment firm Gores Technology Group said Monday that it had agreed to buy an unprofitable U.S.-based Web hosting and networking firm owned by Britain's Cable & Wireless for $125 million. Gores, which recently raised $400 million for a buyout fund, would be putting some of that money to work in the acquisition of the unit, which is based in Reston, Va. Of the purchase price, Gores would pay $50 million in cash and the rest in debt.

He didn't get the company, so he's settling for the headquarters instead. Los Angeles financier Tom Gores, who lost out on the bidding for fallen telecommunications giant Global Crossing Ltd., will soon own one of the firm's crown jewels: the posh Beverly Hills campus where Chairman Gary Winnick ran his empire from an oval office reminiscent of the one on Pennsylvania Avenue in Washington.