Sillerman withdraws latest SFX buy back bid

CEO pulls out of latest bid to buy back ailing EDM promoter

News By IQ | 7 December 2015

In the latest chapter in Robert FX Sillerman’s annus horribilis, the beleaguered CEO of SFX Entertainment has withdrawn his latest bid – the third in total – to buy back the remaining equity in the troubled EDM giant he has committed to taking private.

The news comes amid reports that the company is effectively bankrupt, with share prices tumbling by almost 62 per cent in the last quarter alone.

“At these low prices the time is not right to go forward on…

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