EXCLUSIVE-LA billionaire Soon-Shiong, Guggenheim plot AEG bid
EXCLUSIVE-LA billionaire Soon-Shiong, Guggenheim plot AEG bid | ReutersQuote:
(Reuters) - Los Angeles billionaire Patrick Soon-Shiong is putting together an investor group to make a bid for Anschutz Entertainment Group, the LA-based sports and real estate company, according to three sources with knowledge of the deal.
Soon-Shiong, whose fortune is estimated at more than $7.2 billion, has joined forces for the AEG bid with private equity firm Guggenheim Partners, which recently led a local group in the purchase of the Los Angeles Dodgers baseball club. Soon-Shiong and Guggenheim are expected to bring in additional partners, two of the sources said.
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Well, didn't read all of this thread so don't know if it's been mentioned that AEG just might have a little problem selling right now. Seems the Michael Jackson mess might result in some huge law suit regarding AEG's knowledge of his health and treatment.
Originally Posted by taz42:2658610