Reuters – Anschutz Takes AEG Off Market
Billionaire Phil Anschutz took his Los Angeles-based sports, music and arena conglomerate off the market because he felt reinvigorated after back surgery and didn't like "the noise" surrounding the sale, Reuters reported. Anschutz announced the end of the heavily watched sale process on Thursday despite multibillion-dollar offers that the 73-year-old Denver dealmaker said might have led to successful negotiations for the privately-held company, AEG. It had drawn second-round bids by Colony Capital, Guggenheim Partners and Los Angeles biotech billionaire Patrick Soon-Shiong, people familiar with the deal process told Reuters.
15 March 2013•3 mins read
