The owner of Michael Jackson's former estate has emerged as the lead bidder for Anschutz Entertainment Group, Bloomberg reports.
Colony
Capital LLC, which has teamed with Qatar's sovereign wealth fund in its
pursuit of Denver billionaire Philip Anschutz's concert and arenas
business, are bidding below the $8 billion asking price, Bloomberg
reported, citing unnamed people. A spokesman for Anschutz declined to
comment on who's bidding.
Negotiations
to sell Anschutz Entertainment Group have been put on hold as Anschutz
recovers from back surgery. Bloomberg estimates Anschutz is worth $10
billion.
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