And here I thought it was illegal to buy and sell people! That juggernaut, Martha Stweart Living Omnimedia, Inc. has swallowed up the Emeril Lagasse empire including rights to his TV programs, cookbooks, website and other licensed products. The deal, which is reported to have cost the homemaking diva $45 million in cash and another $5 million in stock is quite the coup.
Lagasse made news not to long ago when his contract expired with The Food Network (the people who put him on the map) and he chose not to renew. Now we know why.
The only thing not included in the buy-up are the Emeril restaurants, says the report in The Wall Street Journal, and, I suspect, Emeril himself.