SFX Entertainment chairman Robert Sillerman has officially followed through on his February proposition to take the company private after its initial 2013 IPO, acquiring the rest of the company’s shares for $5.25 per share in cash, totaling about $774 million. Current stockholders can elect to retain stock in SFX under some undisclosed [...]
Media conglomerate SFX Entertainment has announced a 50% purchase of Alda Events, better known as the live touring company behind ASOT, Armin Only and I Am Hardwell. While it may seem like a simple case of yet another dance music brand being acquired by SFX, the deal actually has some interesting implications for the scene. In return [...]