.
MergerLinks Header Logo

New Deal


Announced

Completed

The Azoff Holdings Company acquired 50% stake in Azoff MSG Entertainment from Madison Square Garden Company for $125m

Financials

Edit Data
Transaction Value£98m
Consideration Type-
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

entertainment venues

Completed

Private

Friendly

Joint Venture

Acquisition

Single Bidder

United States

Entertainment

Synopsis

Edit

The Azoff Company Holdings completed its acquisition of Madison Square Garden Company’s 50% interest in Azoff MSG Entertainment, now called The Azoff Company. The Azoff MSG Entertainment joint venture was established in 2013 between MSG and Azoff Music Management. The music, media and entertainment company has been a leading force in the industry, creating new avenues and opportunities for artists and talent in an evolving marketplace. Irving Azoff will continue to serve as chairman and chief executive officer of The Azoff Company. The Azoff Company Holdings paid MSG $125m for MSG’s 50% interest in the joint venture. “I am extremely proud that my partner, Jim Dolan, and I built an innovative company which always put the artists’ and songwriters’ interests first. The Azoff Company will build on this foundation of positive disruption and artist advocacy: we will continue to challenge antiquated parts of the entertainment business on behalf of artists and fans. The Azoff Company is proud to renew our commitment to the Forum and MSG’s transformative vision for the best possible, live entertainment experience.” said Mr. Azoff, chairman and chief executive officer, The Azoff Company.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US