Breaking News: SBE (Hyde, Create Nightclub, SLS) in advanced merger negotiations with Hakkasan Group

Per the Wall Street Journal, SBE is in advanced talks with the Hakkasan Group to combine the two entertainment companies into a new company with hotel, restaurant and nightclub venues worldwide. The combined company would have an approximate valuation of $1 Billion per a source and close within 60 days per SBE CEO Sam Nazarian. While deemed a merger, Hakkasan would be folded into SBE.

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