Tuesday, 22 January 2013

AEG sale taking longer than expected

Tim Leiweke, CEO of the Anschutz Entertainment Group, has said that the much reported sale of the live entertainment major is well under way, but told Billboard that talks are taking longer than expected because of the number of parties interested in bidding for the firm. Last September the Anschutz Company announced its intent to sell its entertainment business, which owns and operates a network of venues worldwide, including London's O2 dome, as well as having extensive interests in sport (especially in the US) and owning  AEG Live with tours by Justin Bieber, Taylor Swift, Bon Jovi and Kenny Chesney already under way alongside festivals such as  Jazzfest, Coachella and StageCoach. 

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