sale
Controlling interest in Tao Group sold by Madison Square Garden Hospitality
In 2017 Madison Square Garden Entertainment purchased a 67% share of the Tao Group for $181 million. MSGE has entered into an agreement to sell their share for $300 million to Mohari Hospitality (founded by the founder of Poker Stars), effectively valuing the entire company at $550 million. J. Allen Smith, Managing Partner, Mohari said …
Majority share of the Tao Group Being Shopped
James Dolan, the owner of the New York Knicks and the New York Rangers, is reportedly considering selling his share of the Tao Group, which includes a number of high-end nightclubs and restaurants. The company, which was founded in the early 2000s, has locations in cities across the United States, as well as internationally. A …
Soundcloud president responds to stories about their impending doom…
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 …
Eventbrite to purchase Ticketfly!
Just 2 years after Pandora purchased Ticketfly for $450 million, the ever-expanding Eventbrite ticketing company has purchased Ticketfly for only $200 million. Ticketfly has shown strong revenue and income growth recently so the sale price was a bit of a surprise. As part of the sale, Eventbrite and Pandora will continue with the integration of …
Pandora may spin off Ticketfly
In streaming and ticketing news, Pandora, which is struggling to become profitable, is looking to potentially sell off Ticketfly which they paid $450 million for in 2016. Ticketfly has shown strong growth in terms of revenue and profit unlike its parent. Pandora is said to be looking to spin off Ticketfly to streamline and potentially …
Soundcloud explores putting itself up for sale for $1 Billion
Per Bloomberg, music streaming site Soundcloud is looking into putting itself up for sale hoping for a $1 Billion sale price. According to sources, potential buyers are not valuing the company quite as high with the last valuation at $700 million based on the recent Twitter investment. Soundcloud has a large user base of 175 …
2016 Burning Man important ticket sale dates
After a delay in reporting the ticket sale dates due to questions regarding the applicability of Nevada’s LET tax, Burning Man has gone ahead and released all sale dates. It is noted that the 9% LET tax will be collected as Nevada has not responded as to if it applied to BM. If the answer …
Want to buy Calvin Harris’ Hollywood Hills house? You can if you have $10 million!
Calvin’s house purchased in April 2013 for $7.0 million the home has been slightly upgraded and renovated and just listed for $9.95mm by the Altman Brothers (yep, those brothers on the reality tv show Million Dollar Broker -LA). Check out some of this pics of what its like to live like Calvin! Per the listing: …
