Deals
Colony Said to Take Lead Bidding for AEG as Guggenheim Drops Out
This article is for subscribers only.
Tom Barrack’s Colony Capital LLC has taken the lead in the auction for Anschutz Entertainment Group after Guggenheim Partners LLC dropped out of the bidding, said people familiar with the matter.
Los Angeles billionaire Patrick Soon-Shiong, who remains in the auction, is unlikely to make an offer near the $8 billion asking price of AEG’s owner, Philip Anschutz, said one person, who sought anonymity because the talks are private. Guggenheim, which bought the Dodgers baseball team last year, may also reconsider if the price drops, the person said.