Philip Anschutz, the billionaire chairman of AEG, announced Thursday that the sale of the behemoth entertainment company would be halted.
Philip Anschutz wasn?t a ?desperate seller? and bidders for his AEG sports and entertainment giant didn?t meet his price, a leading sports-business consultant said.
Billionaire Philip Anschutz tapped longtime finance man Dan Beckerman to take the helm of AEG after the sale of the company was halted Thursday.
Billionaire Philip Anschutz will be taking a more active role at his sports and entertainment powerhouse AEG without his longtime chief executive, Tim Leiweke.
Billionaire Philip Anschutz said Thursday he has decided not to sell AEG, the entertainment giant that controls the Staples Center, LA Live and the Los Angeles Kings.
The company that owns the Staples Center and the Los Angeles Kings announced late Tuesday it is being put up for sale, sparking a potential billion-dollar bidding war for some of the sports and entertainment world's glitziest properties.