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Billionaire Owner Decides Not to Sell AEG After All
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Sorry buyers, but Anschutz Entertainment Group (AEG) is no longer for sale. AEG's billionaire owner, Philip Anschuts revealed today he's decided not to sell the biz that controls major downtown property L.A. Live along with the Staples Center and the Los Angeles Kings.
There were plenty of interested bidders for AEG, notes the L.A. Times, including the richest man in L.A., Patrick Soon-Shiong. Estimates put AEG's potential selling price at around $7 billion.
As the Times points out, AEG staying in the game at L.A. Live could be another nail in the coffin of the theoretical National Football League stadium slated for the property.
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