Guggenheim Partners, Patrick Soon-Shiong make bid for AEG

soon.jpgHere we go - the first of what are likely to be several bids for the sports-and-entertainment unit of Philip Anschutz's empire. Reuters reports that Soon-Shiong, who has a net worth of $7.2 billion, is joining up with Guggenheim, the investment firm that recently bought the Dodgers. Other investors may join the group as well. Also keep an eye on hedge fund billionaire Steve Cohen, who lost out on the Dodgers. Meanwhile, AEG Chief Executive Tim Leiweke says the sale should be completed before the NFL owners hold their March meeting - a quick turnaround for so complicated a deal. Is Anschutz several moves ahead of us or does it just seem that way?

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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