Friday, 15 March 2013

AEG not for sale!

AEG, the venue operator, sports and tour promoter which has been up for sale since last year, is off the market. The live entertainment company, which runs the O2 in London and part owns the LA Lakers basket ball team will now remain part of the Anschutz company, with its top man Philip Anschutz playing a more active role moving forward. Its thought offers feel at least $1 billion short of the $8-10 million asking price. Meanwhile, in a surprise move, AEG CEO Tim Leiweke will depart the company, with CFO Dan Beckerman taking on most of his responsibilities. 

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