Posts in tag

merger


Confirming industry suspicions, the Billion-dollar merger of Hakkasan and SBE announced a year ago is officially dead according to Restaurant-Hospitality.com who stated that in the past week a Hakkasan spokesperson confirmed as such. While there are obvious synergies in the two hospitality entities merging, we expect both to continue to add new venues and building …

Trying to quash the rumors and speculation about Soundcloud’s future, Founder and CEO Alex Ljung posted the following statement yesterday on the Soundcloud blog: SoundCloud is here to stay. Hey everyone, There’s an insane amount of noise about SoundCloud in the world right now. And it’s just that, noise. The music you love on SoundCloud isn’t …

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 …

In club business news, WSJ.com reports that Sam Nazarian’s SBE hospitality company is in advanced talks to merge with Morgans Hotel Group. SBE runs/owns such well known venues as Create and Hyde in Los Angeles, SLS Casino in Las Vegas and more. Morgans runs the Delano in South Beach and Las Vegas as well as …