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.

http://musicnewslive.blogspot.co.uk/2015/05/sfx-share-buy-back-approved-by.html