The Anschutz Entertainment Group seemingly has a $10 billion price tag and it's thought the 25 page AEG information memorandum will go to dozens of interested parties this week, while those who sign non-disclosure agreements could have access to the live entertainment giant's books by the end of the month. Potential bidders tipped by Reuters include investment company Guggenheim Partners and private equity groups including Bain Capital, Colony Capital and Thomas H Lee Partners, the latter of which helped finance Edgar Bronfman Jr's acquisition of Warner Music in 2004. Liberty Media is also said to be interested - Liberty currently owns a quarter of AEG rival Live Nation. LA-based billionaire surgeon and biotech entrepreneur Patrick Soon-Shiong, who has been investing in American sports teams, is also rumoured to be interested in leading a consortium to bid for AEG and Larry Ellison, co-founder of IT giant Oracle and America's third richest man, is also interested in buying AEG.
Meanwhile, back at the coal face, AEG boss Tim Leiweke has insisted that it's business as usual at the live firm despite the pending sale, adding that he expects the company's operations to continue unhindered once a transaction is completed.
Meanwhile, back at the coal face, AEG boss Tim Leiweke has insisted that it's business as usual at the live firm despite the pending sale, adding that he expects the company's operations to continue unhindered once a transaction is completed.
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