Karl Stefanovic to buy out podcast partner Keshnee Ibrahim after ‘irreconcilable breakdown’, court hears
Summary
Karl Stefanovic and his business partner Keshnee Ibrahim have a serious disagreement over their joint podcast company. The New South Wales Supreme Court is deciding whether Stefanovic will buy Ibrahim’s share or if the company will be closed and its value split equally.Key Facts
- Karl Stefanovic and Keshnee Ibrahim each own 45% of the podcast company 123 Podcast.
- Their relationship has broken down, leading to a legal dispute.
- Ibrahim asked the court to delay a company meeting, fearing she would be removed as director.
- The court offered two solutions: dissolve the company or have Stefanovic buy Ibrahim’s share.
- Stefanovic agrees to buy Ibrahim’s share but disputes some of her claims about company management.
- The court will order an independent valuation of the company to decide the buyout price.
- The podcast has been on pause since August 24, after Stefanovic faced criticism for controversial interviews.
- Another court hearing is set for October 13 to continue resolving the issue.
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