David Zaslav<\/a>.<\/p>\n\n\tAccording to bankruptcy filings, Zaslav, through his holding company Grandview Ventures, has made a $68 million bid for Mohawk Day Camp and Mohawk Country Day School, the preschool that it also operates.<\/p>\n
\n\tZaslav\u2019s Grandview Ventures struck a deal with Simad Holdings for the private school and camp, according to a court document filed on Wednesday. The agreement includes nearly 39 acres in Westchester Country, a $250,000 playground and a performing arts center, among other equipment and infrastructure. <\/p>\n
\n\tThe stalking horse bid, which sets a price floor for the assets, will be tested at auction. The deal has a $2 million breakup fee and up to $680,000 in expense reimbursement if a competing bidder wins, with an Aug. 28 drop-dead date.<\/p>\n
\n\t\u201cThis is a personal family investment that reflects our lifelong belief that summer camp can be a wonderful part of a child\u2019s growth, and Mohawk\u2019s history as a successful camp experience for so many kids, including our own,\u201d a spokesperson for Warner Bros. Discovery says.<\/p>\n
\n\tTo be clear: Zaslav is not going to be running a summer camp anytime soon. This is a family investment, not an operational one. <\/p>\n
\n\tIndeed, Zaslav\u2019s children (now all grown adults) have a connection, having attended camp Mohawk when he was an NBC executive living in Rye Brook.<\/p>\n
\n\tNow, of course, Zaslav is a Hollywood titan, running a company that includes the Warner Bros.\u2019 film studio, HBO, CNN (where one of those children works, predating his leadership), and other assets.<\/p>\n","protected":false},"excerpt":{"rendered":"For nearly 100 years, tens of thousands of children have spent their summers at Mohawk Day Camp in…\n","protected":false},"author":2,"featured_media":300881,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28046,9,11,10],"class_list":["post-300880","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-david-zaslav","tag-new-york","tag-new-york-headlines","tag-new-york-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/300880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=300880"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/300880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/300881"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=300880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=300880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=300880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}