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New Deal


Announced

Completed

Madison Square Garden completed the spin off of Sphere Entertainment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Spin Off

entertainment

Single Bidder

Media Agencies

Friendly

Majority

Domestic

Public

Completed

Synopsis

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Madison Square Garden, an American sports and entertainment holding company, completed the spin off of Sphere Entertainment, a group comprising of Sphere, MSG Networks and Tao Group Hospitality businesses. “With today’s announcement, we are one step closer toward our goal of creating two distinct companies, each well positioned to generate long-term value for our shareholders," James L. Dolan, Madison Square Chairman and CEO.

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