AEG Circulates Auction Memorandum As It Seeks $10B+ Price: Report

It’s the beginning of the beginning of the auction process for billionaire Philip Anschutz’ live entertainment business. The company is circulating a 25-page information memorandum that describes the operations being offered but without financial data, Reuters reports. Those who sign non-disclosure agreements should be able to see more details, including confidential numbers, by the end of the month. Anschutz is thinking big: bidders will have to offer about $10B or more just to make it to a second round, the wire service says citing unnamed sources. (more…)

This article was printed from https://deadline.com/2012/10/aeg-circulates-auction-memorandum-as-it-seeks-10b-price-report-350593/