Sunday, 21 June 2015

SFX sell shares despite planned buy back

Against the backdrop of a planned share buy back, EDM festival specialist SFX has sold stock to Wolverine Flagship Fund Trading Limited and Virtual Point Holdings LLC in a cash deal worth $10 million. Meanwhile another company affiliated to SFX founder and CEO Robert FX Sillerman will reportedly pump $5 million into the business, also in return for a stack of shares.

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