Announced

AEG to acquire AXS.

Synopsis

AEG, sports and live entertainment company, agreed to acquire AXS, an industry leading ticketing and data solutions provider, bringing its ownership stake to 100% from Dan Gilbert and TPG Capital, the owner of Cirque du Soleil Entertainment Group. "In just over eight years, AXS now sells nearly 50 million tickets annually around the world and this acquisition positions both AEG and AXS for continued growth. As a team owner, music promoter and venue owner/operator, ticketing is core to AEG’s business and this transaction allows us to more closely align our global asset portfolio. As an AXS client, we are focused on delivering innovation and product development that enhances the fan experience and creates opportunities to integrate data and generate new revenue streams for all AXS clients," Dan Beckerman, AEG President and CEO.

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