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AEG Officially on Market

AEG FOR SALE: Bidding for the Anschutz Entertainment Group, which went on the market in Sept., could start at as much as $10 billion, according to the N.Y. Post’s Claire Atkinson.  Earlier reports put the value at between $6 billion and $8 billion. Aside from its 30% stake in the L.A. Lakers, AEG owns the L.A. Kings hockey team and the L.A. Galaxy soccer team as well as L..A.’s Staples Center and London’s O2 Arena. As the #2 concert promoter after Live Nation, AEG also operates the just-opened Barclays Centerin Brooklyn. Blackstone Group, which handled the sale of the L.A. Dodgers earlier this year, is set to release an official sale book. So far, AEG has only put out a “pictorial” sales brochure. Tom Barrack’s Colony Capital has been floated as a potential bidder, with reported backing from a Qatar sovereign wealth fund. Other interested parties are said to include Oracle billionaire Larry Ellison, investment firm Guggenheim Partners (who bought the Dodgers) and billionaire doctor-turned-businessman Patrick Soon-Shiong. No word if Randy Phillips is included in the purchase price. (11/12a)

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