SFX Expects No Antitrust Probe
A spokesman for live-entertainment giant SFX Entertainment denied Thursday that the Justice Department is scrutinizing possible antitrust implications of SFX’s proposed acquisition of concert promoter Cellar Door International.
Tim Klahs, head of investor relations for New York-based SFX, said the company has not yet filed documents with the Justice Department on the deal and has had no indication that the acquisition will be delayed because of government scrutiny.
A Justice Department spokeswoman in Washington declined comment.
The proposed $105-million purchase was announced in August. Sources both inside and outside the two companies told The Times this week that the Justice Department was eyeing the deal because of antitrust concerns.
SFX has quickly become the country’s top producer of live entertainment through a barrage of multimillion-dollar acquisitions.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
