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Kevin Mayer: ex-Disney exec, ex-TikTok CEO making comeback as investor - Business Insider

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How Kevin Mayer, the ex-Disney executive who left to be TikTok's CEO for only 3 months, has started to mount a comeback as an investor

— a kind of blank-check, shell corporation that raises money with the intention to acquire a company and be able to take it toward an IPO. Forest Road Acquisition includes involvement from former NBA star Shaquille O'Neal, as well as other prominent former Disney executives, according to the filing., an investment firm focused on sports and entertainment industries managing around $4 billion in capital.

The role of investor in a common path for startup founders and high-powered executives, looking to get in on the ground-floor of the next Facebook or PayPal before anyone else. It seems Mayer had a similar perspective in mind when he decided to become. Before TikTok, Mayer was the favorite to take over Disney when its longtime CEO Bob Iger stepped down in February.

However, it took just three months for Mayer to realize that even with the new role, that wasn't going to happen. The back-and-forth battle over TikTok's uncertain future in the US caused friction, and the decision-making over the company's potential acquisition was delineated to executives as TikTok's corporate owner, ByteDance.

Now less than two months since Mayer's resignation, TikTok still remains in a state of purgatory. A temporary injunction has blocked the Trump administration's efforts to start implementing a ban on TikTok, and the app restrictions set for November 12 are currently facing legal challenges.

 

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