Robert F.X. Sillerman Agrees to Acquire Control of Gateway Industries, INC.
NEW YORK, NY – Leading media entrepreneur Robert F.X. Sillerman announced that he has reached an agreement to acquire control of Gateway Industries, Inc. (GWAY.PK) to serve as the vehicle for his new venture. Upon closing of the transaction, Gateway Industries, Inc. will be recapitalized and renamed Function (X), Inc. with the ticker symbol (FNCX).
Sillerman has a proven track record of pioneering some of the most successful and profitable businesses in television, radio, promotion, marketing and live entertainment. With the sales of SFX Entertainment and SFX Broadcasting, Sillerman has driven some of the largest transactions in the history of live entertainment and radio. Berenson & Company, LLC is the exclusive financial advisor to Function (X) Inc. on this transaction, which is expected to close shortly. Further details about Function (X) will be announced in the coming weeks.