Deals
Billionaire Anschutz to Sell L.A.-Based Live Event Promoter AEG
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Billionaire Philip Anschutz said he plans to sell his Anschutz Entertainment Group, owner of Los Angeles’ Staples Center and the world’s No. 2 concert promoter.
Anschutz Co., AEG’s Denver-based parent, hired Blackstone Advisory Partners to assist with the sale, according to an e-mailed statement yesterday. AEG, based in Los Angeles, is second in the concert business to Live Nation Entertainment Inc., which had a market value of $1.71 billion as of yesterday.